Run of River Power Inc.

Run of River Power Inc.

June 09, 2006 20:23 ET

Run of River Announces Private Placement

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - June 9, 2006) -


Run of River Power Inc. (the "Company") (TSX VENTURE:ROR) is pleased to announce that it intends to conduct a private placement of units at a price of $0.375 per unit, each unit comprised of one common share and one share purchase warrant. Each warrant will entitle the holder to purchase one additional common share at a price of $0.50 per share for a period of two years from the closing date. The Company has filed for price protection with the TSX Venture Exchange. Further details of the final private placement will be announced in the near future.

The private placement will be subject to acceptance by the TSX Venture Exchange. The net proceeds of the private placement will be used for general working capital.

About Run of River Power

Run of River Power Inc. is focused on the development and operation of hydroelectric power generation projects in the Province of British Columbia. The Corporation developed and operates the 7.6 MW Brandywine Creek project, which is located near Whistler BC, and is currently producing power for approximately 4,000 homes. The project was completed in 2005 and the power output is sold to BC Hydro under terms of a 20-year contract. The Corporation proposes to develop additional hydroelectric projects on streams and rivers located in the Province of BC. The Company currently has 13 sites including 8 acquired from Ledcor Power Inc. and is currently pursuing other opportunities.

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

Contact Information

  • Run of River Power Inc.
    R. G. ("Jako") Krushnisky
    (604) 946-9232
    Run of River Power Inc.
    David G. Speck
    (416) 368-8464