U.S. Geothermal Inc. delaying annual meeting as it considers changing its capital structure
U.S. Geothermal Inc. has delayed the Company's Annual General Meeting of its shareholders to December 17, 2009 as it considers restructuring its capital platform and to provide the company with additional financing options.
In a release, U.S. Geothermal Inc. (TSX: GTH), announced “that its board of directors has delayed the Company’s Annual General Meeting of its shareholders from September 22, 2009 to December 17, 2009 because U.S. Geothermal is considering restructuring its capital platform to respond to new build initiatives at its San Emidio and Neal Hot Springs projects and to provide the company with additional financing options using a corporate capital structure that would require shareholder approval.
The record date for determining those shareholders entitled to receive notice and vote at the meeting was also postponed from August 6, 2009 to October 29, 2009. Formal notice of the meeting and a management proxy circular will be available to shareholders in due course.”
Source: Company release via Marketwire