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Ram Power provides Strategic process and corporate update


Published Jan 2, 2015
Ram Power, Corp.-2

Ram Power, Corp., a renewable energy company focused on the development, production and sale of electricity from geothermal energy, announced the following Strategic Process and General Corporate updates.

STRATEGIC PROCESS

As previously disclosed, the Board of Directors of the Company formed a Mergers and Acquisitions Committee (the "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.

Tags: Corp., Ram Power




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