Business News • MarketWire • Ram Power Completes Equity Funding for San Jacinto-Tizate Phase I Expansion |
Ram Power Completes Equity Funding for San Jacinto-Tizate Phase I Expansion |
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Ram Power Completes Equity Funding for San Jacinto-Tizate Phase I Expansion
RENO, NV--(Marketwire - March 25, 2010) - Ram Power, Corp. (TSX: RPG) ("Ram Power"), through its subsidiary, Polaris Energy Nicaragua S.A. ('PENSA"), is pleased to announce that it has satisfied the conditions precedent including the corporate equity investment to draw down the credit loan facility with the Central American Bank for Economic Integration ("CABEI"), Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V. ("FMO"), Export Development Canada ("EDC"), and Cordiant Capital ("Cordiant"). Eighteen million dollars of the available $77 million credit facility was disbursed today. The credit facility together with Ram Power's equity which already has been fully invested funds the completion of the San Jacinto-Tizate Phase I geothermal power plant.
View More : http://www.marketwire.com/mw/release.do?id=1137974&sourceType=3
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