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Business and Finance
Tue, March 24, 2009
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Thu, March 19, 2009 Nevada Geothermal Power Inc.: Nevada Geothermal Power Inc. Issues Stock Options
VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 19, 2009) - Nevada Geothermal Power Inc. (NGP) (TSX VENTURE:NGP)(OTCBB:NGLPF) announced that incentive stock options have been granted to certain directors and employees of NGP to purchase 762,000 common shares of the Company at an exercise price of $0.45 per share for a term of 5 years. Common shares which may be acquired upon exercise of the options shall be subject to a hold period which will expire on July 19, 2009. Certain employees shall be subject to additional vesting restrictions, to some, or all, of their incentive options.
About Nevada Geothermal Power Inc.:
Nevada Geothermal Power Inc. is an emerging renewable energy developer focused on producing clean, efficient and sustainable geothermal electric power from high temperature geothermal resources, in the United States. NGP currently owns a 100% leasehold interest in four properties: Blue Mountain, Pumpernickel, Black Warrior, all of which are ideally situated in Nevada and Crump Geyser in Oregon. These properties are at different levels of exploration and development. NGP estimates a potential of over 200 MW from the current leaseholds.
NGP's phase 1 development at Blue Mountain, 'Faulkner 1' 49.5 MW gross power project is On the Road to Revenue and is expected to be Turning on the Power, fourth quarter 2009.
Nevada Geothermal Power Inc.
Brian D. Fairbank, P. Eng., President & CEO
This Press Release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We have tried, whenever possible, to identify these forward-looking statements using words such as "anticipates", "believes", "estimates", "expects", "plans", "intends", "potential" and similar expressions. These statements reflect our current belief and are based upon currently available information. Accordingly, such forward-looking statements involve known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance or achievements to differ materially from those expressed in or implied by such statements. We undertake no obligation to update or advise in the event of any change, addition, or alteration to the information catered in this Press Release including such forward-looking statements.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
