"The arrangement agreement represents an important milestone in the growth of Ram Power as well as the consolidation of the geothermal power industry,” says chief executive Hezy Ram.
The company expanded last year by merging with GTO Resources, Polaris Geothermal and Western GeoPower.
The deal with Sierra calls for one Sierra share to be exchanged for 0.0833 of a Ram share. Upon closing of the transaction, Ram is expected to issue 11.13
