The non-brokered, private placement of Class A common shares and preferred shares was completed earlier this month, the company tells Recharge.
The San Jacinto Tizate project, located near the city of Leon about 89 kilometers northwest of the capital of Managua, is one of the largest geothermal resources under development in the Western Hemisphere.
Plans call for boosting power plant generating capacity to 72MW in 2011.
