The management discussion and analysis, consolidated financial statements and accompanying notes will be filed on SEDAR and posted on ROR Power’s website.
Peter Zell, a director of Run of River Power Inc. and Real Gamache, a private investor, have each acquired ownership and control of convertible debentures pursuant to a private placement conducted by the Company.
The private placement, which closed at $3,100,100, was oversubscribed from the originally targeted amount of $3 million.
Mr. Hopp comes to the position of President and CEO from the Company’s Board of Directors, where he has been an independent member since his appointment in April 2006.
The management discussion and analysis, consolidated financial statements and accompanying notes will be filed on SEDAR and posted on ROR Power’s website.
Through its subsidiaries, ROR Power is advancing the development of the Tsilhqot’in plant in Hanceville, BC, and the Suskwa plant near New Hazelton, BC. Each project will have generator nameplate capacity of 34 MW.
The Debentures will bear interest at the rate of 10% per annum, calculated and payable quarterly and will mature 12 months following the date of issuance.
Run of River Power confirmed that all resolutions tabled at its Annual and Special Meeting of Shareholders held on June 24, 2010, were duly approved. Among the resolutions was the election of six directors.
Mr. Hardwick brings to ROR Power a broad range of operating management experience, including the pulp and paper industry and the Alberta oil sands.
Private investors Real Gamache and Terese Michon, shareholders of Run of River Power announced they have each acquired ownership and control of 8,875,000 common shares of the Company pursuant to private transactions.
The management discussion and analysis, consolidated financial statements and accompanying notes will be filed on SEDAR and posted on ROR Power’s website.
Run of River Power announced that it has formally signed a 40-year electricity purchase agreement with BC Hydro for its 25 MW Mamquam Power Project. The Company also announced that Jako Krushnisky will step down as President and CEO.
The management discussion and analysis, consolidated financial statements and accompanying notes will be filed to SEDAR and posted on ROR’s website.
The 25 MW low-impact hydroelectric project will utilize part of the flow of Skookum Creek to generate green energy for roughly 9,500 homes and will create 140 direct and indirect jobs for local and First Nations communities.
ROR Power Inc. today announced, in accordance with its approved stock option plan, it has granted 925,000 options to employees and 200,000 options to non executive directors of ROR Power.
Peter Zell, a director of Run of River Power announced he has acquired 3,947,000 common shares of the Company pursuant to a private placement. The shares were acquired at a purchase price of $0.19 per Share.