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Uragold Discusses Merits of Recent Acquisition from Fancamp

Welcome to Beyond The Press Release a production of AGORACOM in which we take the time to talk to small cap ceo’s and executives about their recent press releases. Bernard Tourillon, Chairman, CEO and Director of Uragold discusses the Conditional Approval from the TSX Venture Regarding the Acquisition of 32 Claims from Fancamp.

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Message: NGP Awarded US$7.9 mil Fed Grant...

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NGP Awarded US$7.9 mil Fed Grant...

posted on Jul 15, 11 02:19PM

Nevada Geothermal Power Inc. Awarded US$7.9 Million Federal Grant for Additional Work Completed at Blue Mountain

Press Release Source: Nevada Geothermal Power Inc. On Thursday July 14, 2011, 1:16 pm EDT

VANCOUVER, British Columbia--(BUSINESS WIRE)-- Nevada Geothermal Power Inc. (NGP) (TSX-V:NGP.v - News) is pleased to announce that the United States Department of the Treasury has informed NGP that the Company’s application in the amount of approximately US$7.9 million for Specified Energy Property in Lieu of Tax/Credits relating to additional drilling completed at Blue Mountain ‘Faulkner 1’ geothermal power plant subsequent to being placed in service has been approved under Section 1603, Division B of the American Recovery and Reinvestment Act of 2009. Payment of the full amount is expected imminently.

Faulkner 1 was placed in service on October 9, 2009 and NGP has since completed new well field work that was not included in the original application. The Company intends to use the funds to repay a portion of the debt owing to lenders.

http://finance.yahoo.com/news/Nevada-Geothermal-Power-Inc-bw-1103416547.html?x=0&.v=1

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