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SRA Stria Lithium Inc

0.09
0.00 (0.00%)
24 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Stria Lithium Inc TSXV:SRA TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.09 0.07 0.09 0 01:00:00

Sierra Geothermal Appoints Independent Chair for the Special Meeting

07/01/2010 1:58pm

Marketwired Canada


Sierra Geothermal Power Corp. (TSX VENTURE:SRA) ("SGP") is pleased to announce
that Mr. Alfred Sorensen will be the chair at the special meeting of SGP's
shareholders scheduled for January 26, 2010. Mr. Sorensen is both a member of
Sierra's Board of Directors and a member of the Special Committee of Independent
Directors recently formed to consider and evaluate strategic alternatives for
Sierra. The Board and the Special Committee unanimously selected Mr. Sorensen to
chair the special meeting.


Sierra's Articles provide that Gary Thompson, its President and Chief Executive
Officer, would normally chair the special meeting. However, Mr. Thompson
informed the Board and the Special Committee that he believed it appropriate to
appoint an independent chair. In the view of the Board and the Special
Committee, Mr. Sorensen is not only independent, but is also well qualified. 


Mr. Sorensen is the President and Chief Executive Officer of Galveston LNG.
Galveston was founded in 2004 and is developing a worldwide LNG midstream
business with projects in Canada. Prior to founding Galveston, Mr. Sorensen was
the President of Duke Energy (Europe) Ltd. and was responsible for the
development of Duke Energy's European strategy. Mr. Sorensen began his energy
trading career with Direct Energy in 1987 and went on to be a partner in
Continental Energy Marketing Ltd. which was ultimately sold to Pan Energy Corp.,
a predecessor company to Duke Energy. Mr. Sorensen is a Chartered Accountant and
holds a Bachelor of Commerce Degree from the University of Alberta. 


About Sierra Geothermal Power Corp.

Sierra Geothermal Power Corp. is a renewable energy company focused on the
exploration and development of clean, sustainable geothermal power. It is based
in Vancouver, British Columbia and listed on the TSX Venture Exchange under the
symbol SRA. Its portfolio of geothermal projects located in Nevada and
California exceeds 365 square kilometres (90,000 acres) and has a combined total
estimated capacity of greater than 500 MW. SGP intends to finance development by
utilizing a combination of corporate equity, joint venture partnerships and
project debt, with the support of US government grants and loan guarantees. To
find out more about Sierra Geothermal Power Corp. (TSX VENTURE:SRA) visit our
website at www.sierrageopower.com.


On behalf of the Board of Directors

Gary Thompson, Chief Executive Officer, President and Director

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION 

This press release contains forward-looking statements. Forward-looking
statements are projections of events, revenues, income, future economic
performance or management's plans and objectives for future operations. In some
cases you can identify forward-looking statements by the use of terminology such
as "may", "should", "anticipates", "believes", "expects", "intends",
"forecasts", "plans", "future", "strategy", or words of similar meaning. These
statements are only predictions and involve known and unknown risks,
uncertainties and other factors, including the risks inherent in our industry,
the poor capital markets and other risks identified by us in our periodic
filings on SEDAR (which can be viewed at www.sedar.com). Any of these risks
could cause our or our industry's actual results, levels of activity,
performance or achievements to be materially different from any future results,
levels of activity, performance or achievements expressed or implied by these
forward-looking statements.


While these forward-looking statements and any assumptions upon which they are
based are made in good faith and reflect our current judgment regarding the
direction of its business, actual results will almost always vary, sometimes
materially, from any estimates, predictions, projections, assumptions or other
future performance suggested in this press release. Except as required by
applicable law, including the securities laws of Canada, we do not intend to
update any of the forward-looking statements to conform these statements to
actual results.


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