|By Marketwired .||
|May 6, 2014 08:00 AM EDT||
BOISE, IDAHO -- (Marketwired) -- 05/06/14 -- U.S. Geothermal Inc. (NYSE MKT: HTM)(TSX: GTH) (the "Company") is pleased to announce that its 2014 Annual General Meeting of stockholders will be held on Monday, July 14, 2014 at 10:00am MDT at the U.S. Geothermal Corporate Office, 390 E Parkcenter Blvd, Suite 250, Boise, Idaho 83706.
Items of Business to be conducted at the meeting include:
1. The election of all five directors, each for a one-year term. 2. The ratification of the selection of Martinelli Mick, PLLC as our independent auditor for the fiscal year ending December 31, 2014. 3. Any other business that may properly be considered at the meeting or any adjournment of the meeting.
You may vote at the meeting if you were a shareholder of record at the close of business on May 15, 2014.
If you cannot attend the annual meeting in person, you may vote your shares by telephone or internet by no later than 1:00 a.m. Central time on July 13, 2014 (as directed on the enclosed proxy card), or by completing, signing and promptly returning the enclosed proxy card by mail. We encourage you to vote by telephone or internet in order to reduce our mailing and handling expenses. If you choose to submit your proxy by mail, we will enclose an envelope for your use, which is prepaid if mailed in the United States.
The Proxy Statement and Annual Report to Security holders will be available at http://www.usgeothermal.com on June 2, 2014.
The Company had filed a Form 9A - Request for Extension for Financial Reporting/Annual Meeting on April 16, 2014 with the Toronto Stock Exchange ("TSX"). The TSX has confirmed that it does not object to the Company holding its next AGM on or before July 14, 2014.
Please visit our Website at: http://www.usgeothermal.com
About U.S. Geothermal Inc.:
U.S. Geothermal Inc. is a leading renewable energy company focused on the development, production and sale of electricity from geothermal energy and is operating geothermal power projects at Neal Hot Springs, Oregon, San Emidio, Nevada and Raft River, Idaho. In addition to the newly acquired Geysers development project, the company is currently developing a second phase project at San Emidio Nevada, as well as developing the El Ceibillo geothermal prospect located within a 24,710 acre (100sq km) energy rights concession area in Guatemala, located 8.5 miles (14 km) from Guatemala City, the largest city in Central America.
The information provided in this news release may contain forward-looking statements within the definition of the Safe Harbor provisions of the US Private Securities Litigation Reform Act of 1995. Readers are cautioned to review the risk factors identified by the company in its filings with US and Canadian securities agencies. All statements, other than statements of historical fact, included herein, without limitation, statements relating to the future operating or financial performance of U.S. Geothermal, are forward-looking statements. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible", and similar expressions, or statements that events, conditions, or results "will", "may", "could", or "should" occur or be achieved. These forward-looking statements may include statements regarding perceived merit of properties; interpretation of the results of well tests; project development; resource megawatt capacity; capital expenditures; timelines; strategic plans; or other statements that are not statements of fact. Forward-looking statements involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from U.S. Geothermal's expectations include the uncertainties involving the availability of financing in the debt and capital markets; uncertainties involved in the interpretation of results of well tests; the need for cooperation of government agencies in the development and operation of properties; the need to obtain permits and governmental approvals; risks of construction; unexpected cost increases, which could include significant increases in estimated capital and operating costs; and other risks and uncertainties disclosed in U.S. Geothermal's Annual Report on Form 10-K for the year ended December 31, 2013 filed with the United States Securities and Exchange Commission and Canadian securities regulatory authorities and in other U.S. Geothermal reports and documents filed with applicable securities regulatory authorities from time to time. Forward-looking statements are based on management's expectations, beliefs and opinions on the date the statements are made. U.S. Geothermal Inc. assumes no obligation to update forward-looking statements if management's expectations, beliefs, or opinions, or other factors, should change.
The NYSE MKT and the TSX do not accept responsibility for the adequacy of this release.