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February 21, 2010 | admin | Comments 0

Per agreement with dissident shareholder, Sierra adds two new directors

In Canada, Sierra Geothermal Power Corp. has made good on an agreement reached in January and has increased the number of directors from six to eight, adding one representative each from Exploration Capital and Skyberry Holdings. Michael Atkinson represents Exploration Capital and Daryl S. Clark, Skyberry Holdings. Atkinson currently acts as a director of Kobex Minerals Inc., and is president and director of Canadian Phoenix Resources Corp. and Petra Petroleum Inc. He has also been appointed to the special committee of independent directors to consider and evaluate strategic alternatives for SGP. Clark is currently the vice president and CFO and director of South Asia Energy Management Systems, a director of Ram Power Corp. and as a director of Canadian Phoenix Resources Corporation. Each has experience in corporate finance. The appointments are subject to approval by the TSX Venture Exchange.

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