Content area
Abstract
Ram Power, Corp. (TSX:RPG) (formerly GTO Resources Inc.) ("Ram"), Polaris Geothermal Inc. ("Polaris") and Western GeoPower Corp. ("Western") are pleased to announce that they have completed the previously announced arrangement involving Ram, Polaris and Western under the Business Corporations Act (British Columbia) (the "Arrangement"). Pursuant to the Arrangement, Ram acquired all of the issued and outstanding securities of Polaris and Western. Concurrent with the closing of the Arrangement, Ram completed the acquisition of issued and outstanding shares of Ram Power, Inc. ("Private Ram"), a private Delaware corporation (the "Ram Acquisition"). The Arrangement was approved at meetings of the securityholders of each of Ram, Polaris and Western held on October 15, 2009 and received the final approval of the Supreme Court of British Columbia on October 19, 2009. As a result of the Arrangement and the Ram Acquisition (collectively, the "Business Combination") each of Polaris, Western and Private Ram are now subsidiaries of Ram.