US Geothermal Completes $20 M Private Placement Financing

Toronto, Ontario [RenewableEnergyAccess.com] U.S. Geothermal Inc. has completed the previously announced underwritten private placement for aggregate gross proceeds of CDN $19,999,980 [US$18.9 million]. The proceeds of the offering will be used for ongoing development and exploration activities at the Company’s Raft River and Neal Hot Springs projects, and for general working capital purposes. U.S. Geothermal is a renewable energy development company that is currently developing a geothermal power project at Raft River, Idaho and conducting exploration activities at Neal Hot Springs, Oregon.