Signing a letter of intent to merge are GTO Resources, Polaris Geothermal and Western GeoPower, all based in Vancouver, Canada, and Ram Power, incorporated in Delaware.
If approved by regulators, the resulting company will be publicly traded, the companies say in a statement.
Plans call for Polaris to own 54.1% of the combined company before additional equity is issued, Western 29.2%, Ram 15.4%
