Ram Power expects to close C$53 million 8½% debentures with warrants deal on March 26

By Paul A. Harris

Portland, Ore., March 20 - Ram Power Corp. announced in a Wednesday press release that it plans to close its C$53 million offering of 8½% debentures with attached warrants for common shares on or about March 26.

Cormack Securities Inc. is marketing the deal on a best-efforts basis.

The exercise price for the warrants is C$0.30 per share for a period of five years after the closing date.

The Reno, Nev.-based renewable energy company plans to use the proceeds to repay bank debt.

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