Last week, U.S. geothermal developer Gradient Resources Inc., filed a report to the Securities and Exchange Committee (SEC) in the U.S. reporting that the company “has raised $63 million in financing. The money comes largely in the form of options and warrants, according to the filing.
Formerly known as Vulcan Power Co., the company is backed by energy-focused private equity firm Denham Capital. The company, in early 2010, closed a $108 million round from Denham Capital.”
Source: PeHub
