VANCOUVER, Jan. 5, 2010 /CNW/ - Peter Zell, a director of Run of River Power Inc. (the "Company") (TSX-V:ROR), today announced he has acquired 3,947,000 common shares (the "Shares") of the Company pursuant to a private placement (the "Private Placement"). The shares were acquired at a purchase price of $0.19 per Share, representing an aggregate purchase price of $749,930.
Following the Private Placement, Mr. Zell controls 8,518,000 Shares, representing 9.7% of the issued and outstanding common shares of the Company. Assuming the exercise of previously held common share purchase warrants, Mr. Zell would own 9,993,500 Shares, or 11.1% of the issued and outstanding Shares of the Company.
The Shares were acquired by Mr. Zell for investment purposes. Depending upon market conditions and other factors that Mr. Zell may deem material to his investment decisions, additional shares may be purchased in the open market or in private transactions.
SOURCE Run of River Power Inc.
For further information: For further information: concerning the foregoing or a copy of the Early Warning Report filed to SEDAR today, please contact: Peter Zell, Director, Run of River Power Inc., Tel: (604) 946-9232