Nevada Geothermal to raise up to C$10m in private placement

The company, based in Vancouver, British Columbia, intends to place up to 20,000,000 units at a price of C$0.50 a unit.

Each unit will consist of one common share and one transferable share purchase warrant, with one warrant entitling the holder to purchase one additional common share of the company at a purchase price of $0.70 a warrant share.

KBH Capital will assist Nevada Geothermal with the offering.

The