VANCOUVER, Sept. 30, 2013 /CNW/ - Run of River Power Inc. (TSX-V: ROR) ("ROR Power" or "the Company") is pleased to announce the appointment of Guy Heywood to the Company's Board of Directors effective immediately.
Mr. Heywood has over 25 years of experience in finance including senior lending roles with three major banks and experience on the borrower side as a VP Finance and Treasurer for a large US public company. Mr. Heywood is experienced in the valuation and financing of power projects both as a consultant to BC Hydro and as CFO of a start-up power company that focused on community power projects.
"I am extremely pleased to welcome Guy to ROR's Board and I look forward to the additional strategic vision and counsel he will provide," said Richard Hopp, President and CEO of ROR Power. "His background in finance and power projects will provide us with keen insight on ways to navigate the Company into the future."
ROR Power also announces the resignation of Tejinder Grewal from the Board. "On behalf of ROR Power and the Board of Directors, I would like to thank Mr. Grewal for his contributions and efforts while serving as a director and wish him well in his future endeavors. We are appreciative of his years of support and service to the Company," remarked Richard Hopp, President and CEO.
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