U.S. geothermal development company Gradient Resources Inc. has raised $70.4 million in a placement with private investors as announced in a filing to the U.S. Securities and Exchange Commission.
Reported in a filing to the U.S. Securities and Exchange Commission, Gradient Resources Inc. has raised $70.4 million in new funding.
No revenue figures detailing the transaction have been disclosed by the company. The company started raising the money in late January with the complete offering having been sold to private investors. There is no intention to raise more money at the current point in time, so the company in the filing.
The company has filed a total of seven fundraising documents with the Commission, according to which it has raised $3.1 million in early January 2013 and $5.1 million just before christmas 2012.