VANCOUVER, May 8, 2009 /CNW/ - Run of River Power Inc. ("ROR" or "the
Company") (TSX-V: ROR) today announced the appointment of Jacob & Company
Securities Inc. ("Jacob & Company") to assist it in raising equity and project
financing in connection with the development of its run-of-river and biomass
energy projects in British Columbia. Jacob & Company will act as lead agent on
a best-efforts basis, and an agency agreement containing industry-standard
terms and conditions will be entered into.
Details of any such financings arranged by Jacob & Company will be the
subject matter of further announcements by ROR. Upon conclusion of any such
financings, Jacob & Company will be paid cash commissions and issued broker
warrants in such amounts as may be permitted under the policies of the TSX
Venture Exchange. There can be no assurance that the Company will complete any
financings pursuant to its agreement with Jacob & Company. The term of the
Company's agreement with Jacob & Company will expire in November 2009 unless
extended by mutual agreement.
Jacob & Company is an independent investment bank providing underwriting
and financial advisory services to companies in the renewable power,
infrastructure, energy and mining sectors. The firm, which is headquartered in
Toronto, primarily services mid-cap issuers in North America and around the
world. Jacob & Company brings more than a decade of experience in the
renewable power, infrastructure, energy and mining sectors.
About Run Of River Power Inc.
Run of River Power Inc. develops renewable, sustainable energy through
its portfolio of run-of-river and biomass projects in BC. The Company operates
an Eco Logo(C) certified hydroelectric power generation station at Brandywine
Creek, near Whistler, BC, which generates cash flow under a long-term 20 year
contract with BC Hydro. ROR is well positioned for profitable growth from
generating green power and its dominant position in the sea-to-sky corridor in
pursuit of high-quality power generation initiatives. Its total development
potential in excess of 730 MW is addressing the increasing demand for clean,
sustainable power and energy self sufficiency.
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 laws. The TSX Venture Exchange has not reviewed and does
not accept responsibility for the adequacy or accuracy of this press release.
For further information:
For further information: Jako Krushnisky, President and CEO, Run of
River Power Inc., Tel: (604) 946-9232, firstname.lastname@example.org; Vick Dusik,
Chief Financial Officer, Run of River Power Inc., Tel: (604) 946-9232,