ROR Power Completes $1.2 Million Private Placement

VANCOUVER, Jan. 20 2011 /CNW/ - Run of River Power Inc. (TSX-V: ROR) ("ROR Power" or "the Company") today announced the closing of a $1.2 million non-brokered private placement of unsecured debentures (the "Debentures"). A director and officer of the Company as well as associates of two other directors have participated to the extent of $500,000 of the aggregate offering.

The Debentures bear interest at a rate of 12.0% per annum, calculated and payable quarterly and will mature 12 months following the date of issuance.  The Debentures will be redeemable at the Company's option at any time after six months following the closing date, upon payment of the outstanding principal amount of the Debentures, interest due or accruing up to the date of redemption and a redemption bonus of 1.0 % for every month remaining to maturity.

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© 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.

SOURCE Run of River Power Inc.

For further information:

Rick Hopp
President and CEO
Tel: 604-946-9232
Vick Dusik
Chief Financial Officer
Tel: 604-946-9232

Profil de l'entreprise

Run of River Power Inc.

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