VANCOUVER, June 28, 2012 /CNW/ - Nevada Geothermal Power Inc. ("NGP" or the "Company") (TSXV: NGP)
(OTCBB: NGLGF) today announced that it has filed a Form 15 with the Securities and
Exchange Commission (SEC) to voluntarily terminate its registration of
common shares under the Securities Exchange Act of 1934. As a result
of the filing, the Company's SEC reporting obligations are immediately
suspended. Further, it is anticipated that as a consequence of the
termination, the Company's common shares will no longer be eligible for
quotation on the Over-the-Counter Bulletin Board. The Company common
shares will continue to be listed on the TSX Venture Exchange under the
symbol NGP and it is anticipated that its common shares will be quoted
on the Pink Sheets, a centralized electronic quotation service for
over-the-counter securities. The Company decided to terminate the
registration of its common shares with the SEC after determining that
the expense and management attention required for SEC reporting became
Investors may continue to obtain certain Company reports on the SEDAR
filing system at http://www.sedar.com and on the Company's website at http://www.nevadageothermal.com.
About Nevada Geothermal Power Inc.:
Nevada Geothermal Power Inc. operates the 49.5 MW Faulkner 1 geothermal
plant in Nevada. It is a 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 leasehold interests in six properties: Blue Mountain, Pumpernickel Valley, Edna Mountain and North Valley in Nevada, New Truckhaven in California, and Crump Geyser, in Oregon. These properties are at different levels of exploration and
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.
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
SOURCE Nevada Geothermal Power Inc.
For further information:
Nevada Geothermal Power Inc.
Brian D. Fairbank, P. Eng.
President & CEO
Nevada Geothermal Power Inc.
Telephone: 604-688-1553 X123
Toll Free: 866-688-0808 X123