Ram Power Announces Strategic Process and Corporate Update (News Release)
Ram Power, Corp. announced today Strategic Process and General Corporate updates:
As previously disclosed, the Board of Directors of the Company formed a Mergers and Acquisitions Committee to explore and evaluate strategic alternatives to enhance shareholder value. The Committee was tasked with exploring, among other things, opportunities to increase operational efficiencies, strategic partnerships, asset sale opportunities and asset purchase opportunities. The Company has received a number of proposals from interested third parties and continues to work with its stakeholders and potential investors to bring a transaction to conclusion.
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