US Geothermal Completes CAN $10.9M Private Placement Offering

U.S. Geothermal Inc. has entered into an agreement with a syndicate of Canadian investment dealers, pursuant to which the syndicate, have agreed to privately place approximately 8,100,000 subscription receipts, at CAN $1.35 per subscription receipt, for gross proceeds of approximately CAN $10.93 million, conducted via private placement.

Each warrant will entitle the holder thereof to acquire one additional share of common stock of the company for a period of 24 months following the closing of the offering for US $1.75 per share of common stock.

The net proceeds of the offering will be used by the company for drilling wells at the Neal Hot Springs geothermal project and for general working capital purposes. The proceeds will not be subject to escrow. The offering is scheduled to close on or about August 12, 2009.

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PPM is the leading U.S. entrepreneurial firm that specializes in writing private placement memorandums (PPM) and linking investors with entrepreneurs.

Since 1999, the founders of PPM have provided professional business writing services, such as a PPM or business plan, to more than 2,000 businesses worldwide. Our company is considered to be the most cost effective, efficient consultants for private placement memorandum development in the United States. We are Wall Street’s, and by extension, the New York private placement (PPM) leaders.’s main service is the creation of private placement memorandum regulation d (Reg. d) documents. However, we offer much more. In case the entrepreneur needs additional services, such as a business plan, website, or additional legal work, PPM can create one pricing package for all required documentation or service. Because we simultaneously work with many companies both in and out of the U.S., the ability to adapt to the individual needs – as well as to regional and global demands – helps our clients save needed capital and time.

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