16 March 2010 -- U.S. Geothermal Inc. closed an $8.6 million private placement financing. The company issued 8,209,519 shares of common stock at a price of $1.05 per share. Net proceeds are around $8.0 million and will be used to further develop the company's Neal Hot Springs geothermal project and for general working capital.

RBC Capital Markets Corp. served as lead placement agent and Clarus Securities Inc., Dundee Securities Corporation and Baird acted as co-agents. Read more articles and features on renewable energy.