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Strategies & Market Trends : Aardvark Adventures

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Dec 5 9:30 AM EST

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To: ~digs who wrote (3422)	10/6/2007 2:15:55 AM
From: ~digs	Read Replies (1) of 7944

[NGLPF.OB] NEVADA GEOTHERMAL » 0.97 +0.05 ( +5.43%) Open » 0.9025 Volume » 927141 Friday October 5, 2:36 pm ET VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)-- Nevada Geothermal Power Inc. today announced that it has agreed to acquire certain assets and employees from Fairbank Engineering Ltd. ("FEL"). FEL is a consulting company owned by Brian D. Fairbank, the President and CEO of NGP. FEL has previously provided geological and geothermal consulting services to the Company for many years. Over recent years the operations of NGP have expanded to the point where this transaction was necessary in order to secure exclusive access to qualified personnel for its geothermal exploration and development projects. As partial consideration for the transaction, NGP has agreed to issue to FEL up to 175,000 common shares in the capital of the Company at a deemed price of $0.85 per share. biz.yahoo.com

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