08.12.2006
Western GeoPower announces $2.5 Million Financing
VANCOUVER , Canada , December 8, 2006, TSX Venture Exchange Trading Symbol: WGP – Western GeoPower Corp., a renewable energy company focused on geothermal energy development, today announced that it has negotiated a non-brokered private placement for total proceeds of CDN $2.5 million through the sale of 16,666,667 units at a price of $0.15 per unit. Each unit is comprised of one share and one share purchase warrant exercisable at a price of $0.25 per warrant share until December 30, 2008.
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12.10.2006
Western GeoPower To Build 25.5 MW Powerplant At The Geysers Unit 15
VANCOUVER , Canada, October 12, 2006: Western GeoPower Corp., a renewable energy company focused on geothermal energy development, today announced its intention to build a 25.5 megawatt (net) power plant at the Company’s Unit 15 leasehold at The Geysers Geothermal Field located 75 miles north of San Francisco, California, with commercial operations projected to commence in late 2009. The proposed plant, to be named Western GeoPower Unit 1, will supply approximately 200,000 megawatt-hours per year of clean, baseload electricity to the California market.
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10.10.2006
Western GeoPower Increases Geothermal Leasehold At The Geysers
VANCOUVER , Canada, October 10, 2006: Western GeoPower Corp., a renewable energy company focused on geothermal energy development, today announced the acquisition of a geothermal lease covering 140 acres contiguous to the recently acquired Unit 15 Steam Field located within The Geysers Geothermal Field in Northern California. The total area under lease by Western GeoPower at The Geysers exceeds 500 acres and it is anticipated that one power plant will process steam production from both leaseholds.
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