Run of River Power Inc.

Run of River Power Inc.

November 26, 2007 08:00 ET

Run of River Appoints Victor S. Dusik as CFO and VP Finance

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 26, 2007) -


Run of River Power Inc. (TSX VENTURE:ROR) ("Run of River") is pleased to announce that Victor S. Dusik has been appointed Vice President, Finance and Chief Financial Officer of Run of River.

Mr. Dusik is a chartered accountant and has held various progressive positions with Ernst & Young LLP providing public accounting and consulting services to a wide variety of companies and industry sectors. He consulted in the corporate finance practice on valuation and pricing of acquisitions and divestitures. Mr. Dusik also acted as Managing Partner of the Calgary office of Ernst & Young providing a full range of services principally to the energy sector. Mr. Dusik directed the North American Center of Excellence for Ernst & Young's risk management services to the electric and gas utility sector. In August 2002, he joined Maxim Power Corp., a publicly listed independent power and energy producer with operations in Canada, United States and France. As Vice President Finance and Chief Financial Officer, his responsibilities included debt and equity financings, acquisitions, project evaluation and capital deployment, investor relations, public reporting, budgeting and performance reporting, information technology, risk management and corporate administration. Recently, Mr. Dusik was a consultant to the independent power generation sector in British Columbia.

Jako Krushnisky, President of Run of River stated, "we are delighted that we have been able to attract someone of Vick's caliber to our Company. His vast experience in capital markets and finance will be a tremendous asset as we advance our significant development portfolio".

About Run of River Power Inc.

Run of River Power Inc. operates a hydroelectric power generation station at Brandywine Creek, near Whistler, BC and sells the power to BC Hydro on a long-term 20 year contract.

The Company is currently developing hydroelectric projects in two clusters located near Vancouver. Eleven development projects, totaling 194 MW of capacity, will generate over 670 GWh of electricity annually, when completed, providing in excess of $60 million per year in gross revenue to Run of River.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Run of River Power Inc.
    Jako Krushnisky
    President and CEO
    (604) 946-9232
    Run of River Power Inc.
    David Speck
    Investor Relations
    (416) 368-8464