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ROR Power Completes $3.1 Million Private Placement

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^{Published in Business and Finance on Tuesday, September 7th 2010 at 14:11 GMT by Market Wire}  

VANCOUVER, Sept. 7, 2010 /CNW/ - Run of River Power Inc. (TSX-V: ROR) ("ROR Power" or "the Company") today announced the closing of its previously announced non-brokered private placement of convertible debentures (the "Debentures").

The private placement, which closed at $3,100,100, was oversubscribed from the originally targeted amount of $3 million.

The Debentures bear interest at a rate of 10% per annum, calculated and payable quarterly and will mature 12 months following the date of issuance. The principal amount of the Debentures is convertible at the election of holders at any time prior to maturity. Upon conversion, Debentures become fully paid common shares of the Company at a conversion price of $0.23. Subject to the conversion rights, the Debentures will be redeemable at the Company's option at any time after nine months from the date of issuance.

The Company also issued 365,217 common shares as a finders fee in connection with the offering. The Debentures, any common shares that may be issued on conversion thereof and the finders fee shares are subject to a statutory hold period expiring January 1, 2011.

Proceeds from the financing will be used to fund ongoing development of the Company's renewable energy projects and for general working capital purposes.

About Run of River Power Inc.

Run Of River Power Inc. (ROR Power) develops renewable, sustainable energy through its portfolio of run-of-river and biomass projects. 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 power generation initiatives that include its Mamquam Power Project, selected by BC Hydro for an Electricity Purchase Agreement. ROR Power's total development potential, in excess of 715 MW, represents a significant opportunity to help BC meet its rising demand for clean, sustainable power and achieve energy self sufficiency by 2016.

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 ]