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RENO, NV and VANCOUVER, May 13, 2015 /CNW/ - Polaris Infrastructure Inc. (formerly Ram Power, Corp.) (TSX: RPG) (the "Company" or "Polaris") announced today that, in accordance with the terms of the private placement agreement dated April 20, 2015 between the Company and Goodwood Inc., the Company has changed its name from "Ram Power, Corp." to "Polaris Infrastructure Inc.". A change in the stock symbol for the Company's common shares trading on the Toronto Stock Exchange, from "RPG" to "PIF", is expected to become effective on the morning of Tuesday May 19, 2015.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described in this press release in the United States. The securities described in this press release have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, a U.S. Person (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
About Polaris Infrastructure Inc.
Polaris is a renewable energy company based in Reno, Nevada, focused on the development, production and sale of electricity from geothermal energy in Latin America, the United States and Canada.
This press release contains certain "forward-looking information" which may include, but is not limited to, statements with respect to future events or future performance. Such forward-looking information reflects management's current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking information in this press release includes, but is not limited to, statements regarding the anticipated effects of the Transaction, including the use of proceeds of the Transaction.
A number of known and unknown risks, uncertainties and other factors may cause Polaris' actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. Such factors include, but are not limited to the possibility that the benefits of the Transaction will not be realized by the Company in the manner anticipated, and the possibility that we have to allocate proceeds to other uses or reallocate proceeds differently among the anticipated uses due to changes in project parameters or other unforeseen circumstances associated generally with the unpredictability of operations in the geothermal industry. These factors should be considered carefully and prospective investors should not place undue reliance on forward-looking information. There may be other factors that cause actions, events or results not to be as anticipated, estimated or intended and the factors listed above are not intended to represent a complete list of the risk factors that could affect Polaris. For additional information with respect to risks, uncertainties and assumptions, please also refer to the "Risk Factors" section of our most recent Annual Information Form filed with the Canadian securities regulatory authorities on www.sedar.com, as well as our annual MD&A.
The forward-looking information in this press release is based upon what management believes to be reasonable assumptions, including, but not limited to, assumptions about the details of the Transaction and the anticipated use of proceeds. These factors should be considered carefully and readers of this press release should not place undue reliance on forward-looking information.
Although Polaris has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. The statements in this press release are made as of the date of this release and there can be no assurance that the forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Polaris undertakes no obligation to update forward looking information, other than as required by law, or comment on analyses, expectations or statements made by third-parties in respect of Polaris, or its financial or operating results or its securities.
SOURCE Polaris Infrastructure Inc.
For further information: Steven Scott, Director of Investor Relations, Polaris Infrastructure Inc., Phone: 775-398-3700, Email: firstname.lastname@example.org, www.ram-power.com