Sierra Reports Q2 Financial Results
August 26 2010 - 2:41PM
Marketwired
Sierra Geothermal Power Corp. (TSX VENTURE: SRA) ("Sierra") today
disclosed results for its second quarter ended June 30, 2010.
For the second quarter and six months ended June 30, 2010,
Sierra reported a net loss of $912,636 or ($0.01) per share and
$2,349,219 or ($0.02) per share compared to a net loss of $642,400
or ($0.01) per share and $1,070,631 or ($0.01) per share for the
second quarter and six months ended June 30, 2009. As of June 30,
2010, Sierra had cash of $4,086,346 and working capital of
$3,902,147, compared to cash of $8,260,320 and working capital of
$6,664,549 on December 31, 2009. The full text of Sierra's
unaudited financial statements and management's discussion and
analysis is available on the SEDAR website at www.sedar.com or at
www.sierrageopower.com.
As disclosed in its July 21, 2010 news release, Sierra has
scheduled a special meeting of shareholders at 10:00 a.m.
(Vancouver time) on August 31, 2010, at the offices of its counsel,
Clark Wilson LLP, at 800- 885 West Georgia Street, Vancouver, B.C.,
at which it will ask its shareholders to consider and, if thought
fit, adopt a special resolution approving a proposed plan of
arrangement with Ram Power, Corp. The special resolution approving
the proposed plan of arrangement must be approved by at least sixty
six and two thirds percent of the votes cast by shareholders
represented in person or by proxy at the special meeting.
Sierra's Board of Directors and management strongly encourage
shareholders to vote at the special meeting. Detailed information
concerning the plan of arrangement and how to vote at the special
meeting of shareholders is contained in the shareholder meeting
materials mailed by Sierra to its shareholders on or about August
5, 2010. A copy of these meeting materials is available on SEDAR at
www.sedar.com.
ABOUT SIERRA GEOTHERMAL POWER CORP.
Sierra is a Vancouver-based geothermal energy company focused on
the exploration and development of clean, sustainable power in
Western North America. Sierra has 100% control over its 120,000
acre portfolio of geothermal properties in Nevada, California and
British Columbia. Sierra's projects have a combined total estimated
capacity of almost 400MW.
On behalf of the Board of Directors
Gary Thompson, P.Geo, President, Chief Executive Officer and
Director
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Sierra Geothermal Power Corp. Gary Thompson President
& CEO (604) 683-0332 x 119 gthompson@sierrageopower.com
www.sierrageopower.com
Stria Lithium (TSXV:SRA)
Historical Stock Chart
From Jun 2024 to Jul 2024
Stria Lithium (TSXV:SRA)
Historical Stock Chart
From Jul 2023 to Jul 2024