Firm Gets Options for Geothermal Resources
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From States News Service
Lavino Investment Co. has granted International Numatics Inc. an option to buy 2.2 million common shares of San Mateo, Calif.-based Geothermal Resources International at $10.25 each, according to a Securities and Exchange Commission filing. When exercised, the option will be paid for half in cash and half in a five-year unsecured note.
Lavino Investment also gave International Numatics the right to buy 920,549 Geothermal shares within 90 days after the exercise of the option.
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