In what seems to be common practice among the geothermal companies listed on the Toronto Venture Exchange, Nevada Geothermal has issued 23M units @ $0.55 per unit (a share and a warrant) in order to raise $12.75M in a private placement. Presumably the proceeds will be used to advance the Blue Mountain project.

While it’s clear these smaller geothermal companies are gaining access to funding, it’s unclear if this is a winning strategy in the long term for any party other than Dundee Securities or Jacob & Company Securities (who charge 8-10% commission on each deal.)


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This entry was posted on Wednesday, March 7th, 2007 at 8:15 am and is filed under Business, Geothermal.