Run of River Power Announces Debenture Financing

VANCOUVER, July 26, 2012 /CNW/ - Run of River Power Inc. ("ROR Power" or the "Company") (TSXV: ROR) today announced that it has completed a private placement of $3.65 million in subordinated secured debentures ("Debentures"). The principal amount of the Debentures will bear interest at a rate of 12% per annum, payable quarterly in cash, and the Debentures will mature in one year. The proceeds of the private placement will be used to develop, with its partner Concord Pacific, the Skookum power project and for general corporate and working capital requirements.

A related party of the Company will be subscribing for $2 million in Debentures. Accordingly, the transaction will be a "related party transaction" for the purposes of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company will rely on an exemption from the minority approval and valuation requirements of MI 61-101.

About Run of River Power Inc.

ROR Power develops renewable, sustainable energy through its portfolio of clean energy projects. The company helps diversify BC's energy mix by providing a cleaner way to generate power and increasing the security of BC's energy supply. ROR Power operates an Eco Logo© certified hydroelectric power generation station at Brandywine Creek, near Whistler, BC that provides green power for about 4,000 homes. With a total development potential of approximately 400 MW, the company is well positioned for profitable growth.

Forward-Looking Statements

Certain information regarding the Company set forth in this press release, including management's assessment of the Company's future plans and operations contains forward looking statements that involve substantial known and unknown risks and uncertainties. These forward looking statements are subject to numerous risks and uncertainties, some of which are beyond the Company's and management's control, including but not limited to, the repayment of the Debentures, the impact of general economic conditions, industry conditions, fluctuation of foreign exchange rates, environmental risks, industry competition, availability of qualified personnel and management, stock market volatility, timely and cost effective access to sufficient capital from internal and external sources. The Company's actual results, performance or achievement could differ materially from those expressed in or implied by, these forward looking statements and accordingly, no assurance can be given that any of the events anticipated to occur or transpire from the forward looking statements will provide any benefits to the Company.

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

SOURCE: Run of River Power Inc.

For further information:

Information Contact 

Richard W. Hopp
President and CEO
Tel: 604-946-9232
rhopp@runofriverpower.com

Profil de l'entreprise

Run of River Power Inc.

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