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E•BOOM CAPITAL: Plutonic Shares Jump On Merger Deal with Magma

By Terry McDonald on March 7, 2011

Tags: Alterra Power Corp., GE Energy Financial Services, Magma Energy Corp., Plutonic Power Corp., Toronto Stock Exchange, USD, magma, Plutonic, British Columbia, energy, Finance, Ross Beaty

Shares of wind and run-of-river power developer Plutonic Power Corporation (TSX: PCC.TO) are up 8% (market cap $171 milion) at mid-day after the company announced before the opening this morning it had agreed to merge with geothermal power developer Magma Energy Corp. (TSX. MXY.TO) (market cap $380 million) to form a new renewable energy company called Alterra Power Corp. Magma shares are down 2%. Both companies are based in Vancouver, British Columbia.

Magma Energy Goes Shopping in Iceland

By Mitchell Anderson on August 18, 2009

Tags: HS Orka, Magma, Iceland, USD, business expansion, CVE:MXY, geothermal energy, geothermal power, HS Orka, Iceland, investment, Magma Energy Corp., energy, Nevada, Ross Beaty

Magma Energy (CVE:MXY) continued their impressive global shopping spree of geothermal assets by outbidding competitors to potentially acquire up to 48.1% of Iceland-bas

Investors Jump on Geothermal IPO

By Mitchell Anderson on June 25, 2009

Magma Energy is enjoying a volcanic IPO. The Vancouver-based geothermal start-up is going public and some observers estimate that they may raise more than $85 million - double what was predicted only one month ago.

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