TORONTO, June 15 /CNW/ - Skyberry Holdings Ltd. ("Skyberry"), announced
today that it has acquired 18,750,000 Units of Run of River Power Inc.
(TSXV: ROR) ("Run of River") at a price of CAD$0.40 per Unit in connection
with Run of River's brokered private placement, the closing of which was
announced by Run of River on June 14, 2007. Each Unit consists of one common
share and one common share purchase warrant in the capital of Run of River.
Each common share purchase warrant entitles the holder to acquire one common
share, exercisable at a price of CAD$0.60 per warrant, for a period of 24
months from the date of closing. As a result of the acquisition, Skyberry now
owns 18,750,000 common shares, representing approximately 30.50% of the total
issued and outstanding common shares of Run of River and 18,750,000 common
share purchase warrants.
Skyberry acquired the Units for investment purposes and may, from time to
time, acquire additional securities of Run of River or dispose of such
securities as it may deem appropriate.
For further information:
For further information: Mr. Sasha Jacob, c/o Jacob & Company Securities
Inc. at (416) 866-8300; Skyberry Holdings Ltd., Charlotte House, Shirley
Street, P.O. Box N7529, Nassau, Bahamas