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Run Of River Power Announces Appointment of Jacob &; Company Securities Inc.

^{Published on 2009-05-08 09:54:56, Last Modified on 2009-05-08 09:55:55 - Market Wire}
 

 VANCOUVER, May 8, 2009 /CNW/ - Run of River Power Inc. ("ROR" or "the Company") (TSX-V: ROR) today announced the appointment of Jacob & Company Securities Inc. ("Jacob & Company") to assist it in raising equity and project financing in connection with the development of its run-of-river and biomass energy projects in British Columbia. Jacob & Company will act as lead agent on a best-efforts basis, and an agency agreement containing industry-standard terms and conditions will be entered into. Details of any such financings arranged by Jacob & Company will be the subject matter of further announcements by ROR. Upon conclusion of any such financings, Jacob & Company will be paid cash commissions and issued broker warrants in such amounts as may be permitted under the policies of the TSX Venture Exchange. There can be no assurance that the Company will complete any financings pursuant to its agreement with Jacob & Company. The term of the Company's agreement with Jacob & Company will expire in November 2009 unless extended by mutual agreement. Jacob & Company is an independent investment bank providing underwriting and financial advisory services to companies in the renewable power, infrastructure, energy and mining sectors. The firm, which is headquartered in Toronto, primarily services mid-cap issuers in North America and around the world. Jacob & Company brings more than a decade of experience in the renewable power, infrastructure, energy and mining sectors. About Run Of River Power Inc. Run of River Power Inc. develops renewable, sustainable energy through its portfolio of run-of-river and biomass projects in BC. The Company operates an Eco Logo(C) certified hydroelectric power generation station at Brandywine Creek, near Whistler, BC, which generates cash flow under a long-term 20 year contract with BC Hydro. ROR is well positioned for profitable growth from generating green power and its dominant position in the sea-to-sky corridor in pursuit of high-quality power generation initiatives. Its total development potential in excess of 730 MW is addressing the increasing demand for clean, sustainable power and energy self sufficiency. Forward-Looking Statements Statements in this release which describe Run of River Power Inc.'s intentions, expectations or predictions, or which relate to matters that are not historical facts are forward-looking statements. These forward-looking statements involve unknown risks and uncertainties which may cause the actual results, performances or achievements of Run of River Power Inc. to be materially different from any future results, performances or achievements expressed in or implied by such forward-looking statements. Run of River Power Inc. may update or revise any forward-looking statements, whether as a result of new information, future events or changing market and business conditions and will update such forward-looking statements as required pursuant to applicable securities laws. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release. %SEDAR: 00013735E 

For further information: Jako Krushnisky, President and CEO, Run of River Power Inc., Tel: (604) 946-9232, [ jako@runofriverpower.com ]; Vick Dusik, Chief Financial Officer, Run of River Power Inc., Tel: (604) 946-9232, [ vsdusik@runofriverpower.com ]; [ www.runofriverpower.com ]