VANCOUVER, July 5, 2012 /CNW/ - Run of River Power Inc. (TSX-V: ROR)
("ROR Power" or "the Company") today announced, in accordance with its
approved stock option plan and Director compensation package, it has
granted 400,000 options to non-executive directors of ROR Power. The
options are exercisable at $0.10 per share and for a term of five
years. The options vest over two years as follows: 1/3 on the grant
date, 1/3 twelve months from the grant date and 1/3 twenty-four months
from the grant date.
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.
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 law.
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 of accuracy of this release.
SOURCE Run of River Power Inc.
For further information:
Richard W. Hopp
President and CEO