Shareholders Approve Plan of Arrangement Between Sierra Geothermal Power Corp. and Ram Power, Corp.

Sierra Geothermal Power Corp. (TSX VENTURE:SRA) ("Sierra") and Ram Power, Corp.
(TSX:RPG) ("Ram Power") are pleased to announce that the shareholders of Sierra
have approved the proposed plan of arrangement between Sierra and Ram Power
under the Business Corporations Act (British Columbia) (the "Arrangement"). At
Sierra's meeting, the Arrangement was approved by 99.42% of the common
shareholders of Sierra that were present in person or by proxy.


Pursuant to the Arrangement, Ram Power will acquire all of the issued and
outstanding shares of Sierra and current holders of Sierra options, warrants and
unit warrants will be entitled to receive Ram Power shares upon the exercise of
such securities in accordance with their terms and upon the terms of the
arrangement agreement dated July 7, 2010, as amended by an amendment dated July
28, 2010. Upon completion of the Arrangement, Sierra will become a wholly owned
subsidiary of Ram Power and Ram Power will continue to be engaged in the
business of acquiring, exploring, developing and operating geothermal properties
through its subsidiaries.


The Arrangement requires approval by the Supreme Court of British Columbia. The
hearing in respect of the final order to approve the Arrangement (the "Final
Order") is currently anticipated to take place on September 1, 2010 at 10:00
a.m. (Vancouver Time). No hearing is scheduled. If the Final Order is obtained
on September 1, 2010, and all other conditions to completion of the Arrangement
are satisfied or waived, it is expected that the Arrangement will be completed
September 2, 2010.


For further details regarding the Arrangement, please refer to the management
information circular dated July 28, 2010, a copy of which is available under the
corporate profile of Sierra on the System for Electronic Document Analysis and
Retrieval at www.sedar.com.


About Ram Power, Corp.

Ram Power is a renewable energy company based in Reno, Nevada, engaged in the
business of acquiring, exploring, developing, and operating geothermal
properties and has interest in geothermal projects in the United States, Canada,
and Latin America.


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, President, Chief Executive Officer & Director

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

This press release contains forward-looking statements. Forward-looking
statements are projections of events, revenues, income, future economic
performance or plans and objectives for future operations. In some cases you can
identify forward-looking statements by the use of terminology such as "may",
"should", "anticipates", "believes", "expects", "intends", "forecasts", "plans",
"future", "strategy", or words of similar meaning. Forward-looking statements in
this press release include statements about completion of the Arrangement and
the future business of Ram Power and its subsidiaries. While these
forward-looking statements and any assumptions upon which they are based are
made in good faith and reflect the current judgment of management at both Ram
Power and Sierra, actual results will almost always vary, sometimes materially,
from any estimates, predictions, projections, assumptions or other
forward-looking information suggested in this press release. These statements
are only predictions and involve known and unknown risks, uncertainties and
other factors, including the risks that the companies cannot obtain the consents
that may be required in order to consummate the transaction, the risk of adverse
changes to either company or the industry in which they operate, as well as the
general business risks described in the periodic disclosure documents filed by
Ram Power and Sierra on SEDAR, copies of which are available at www.sedar.com.
Any of these risks could cause actual results or achievements to be materially
different from those that are expressed or implied by the forward-looking
statements contained in this press release. Except as required by applicable
law, neither of Ram Power or Sierra intends to update any of the forward-looking
statements to conform these statements to actual results.

Stria Lithium (TSXV:SRA)
Graphique Historique de l'Action
De Mai 2024 à Juin 2024