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Run of River Power Announces $1.0 million Private Placement

^{Published on 2009-07-24 11:24:49, Last Modified on 2009-07-24 11:24:56 - Market Wire}
 

 VANCOUVER, July 24, 2009 /CNW/ - Run of River Power Inc. ("ROR Power" or "the Company") (TSX-V: ROR) today announced a non-brokered private placement of up to 5,900,000 units (the "Units") at a price of $0.17 per unit, for gross proceeds of up to $1.0 million (the "Offering"). Each unit will consist of one common share and one-half of a share purchase warrant (the "Warrants"). Each whole warrant will entitle the holder to purchase one additional common share at a price of $0.26 per share for 24 months from the date of closing of the private placement. The common shares issued upon closing of the offering will be subject to a four-month hold period from the date of issue. Proceeds of the placement will be used for the continued development of the Company's renewable energy projects and for general working capital purposes. The private placement is subject to TSX Venture Exchange approval. About Run of River Power Inc. ROR Power develops renewable, sustainable energy through its portfolio of run-of-river and biomass projects in British Columbia (BC). The company operates an Eco Logo(C) certified hydroelectric power generation station at Brandywine Creek, near Whistler, BC that generates cash flow under a 20-year contract with BC Hydro. ROR Power is well positioned for profitable growth through the company's high-quality power generation initiatives. ROR Power's total development potential, in excess of 740 MW, represents a significant opportunity to help BC meet its rising demand for clean, sustainable power and achieve energy self sufficiency by 2016. 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. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. [ www.runofriverpower.com ] %SEDAR: 00013735E 

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