Run of River Power Grants Options to CEO
27 Enero 2012 - 5:11AM
PR Newswire (Canada)
VANCOUVER, Jan. 27, 2012 /CNW/ - Run of River Power Inc. ("ROR
Power" or "the Company") announced today that it has granted
400,000 stock options to President and CEO Richard Hopp. The stock
options are exercisable at $0.20 per share and expire on August 6,
2015. The granting of these stock options was part of Mr.
Hopp's original compensation package when he joined ROR in 2010 and
is now being formalized. 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. The company is well positioned for profitable
growth through power generation initiatives that include its 25 MW
Skookum Power Project, awarded an Electricity Purchase Agreement by
BC Hydro in 2010. ROR Power's total development potential is
approximately 600 MW. Forward-Looking Statements 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. 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. Run of
River Power Inc. CONTACT: Richard W. HoppPresident and CEOTel:
604-946-9232rhopp@runofriverpower.com
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