“We are proud to be working with the Squamish Nation on a project that will create clean, renewable power and provide a wide range of economic benefits to the Squamish community,” commented Richard Hopp, President and CEO of Run of River Power.
"This quarter, we broke yet another production record at our Brandywine facility, beating the previous best quarterly production record by a wide margin,” stated Richard W. Hopp, ROR Power's President and CEO.
"Our overall strategic focus includes maximizing revenue generation, reducing G&A costs and increasing value for our shareholders,” stated Richard Hopp, ROR Power's President and CEO.
“The $2.5 million we’ve raised satisfies our near term cash requirements. As a result, we’ve elected to close the second tranche,” explained Vick Dusik, ROR Power’s Chief Financial Officer.
The facility's July production was 5,712 MWh, beating the previous monthly record of 5,483 MWh set in June. The increase in production represents an overall operating improvement of 9.8% over the previous two-month record set in 2007.
The Company has closed the first tranche of the non-brokered private placement. This tranche involved a $1.6 million exchange of the Company's existing convertible debentures into new convertible debentures
The company announced it will undertake a non-brokered private placement of up to $5.1 million in convertible debentures
Highlights: Raised $1.2 million in January through a 12% debenture to fund ongoing development; Subsequent to quarter end, a development plan for the 25 MW Skookum Power Project was submitted to the BC Ministry of Natural Resource Operations
The Company has closed a non-brokered private placement of 15,555,555 units of the Company (the “Unit”) at a price of $0.09 per Unit for aggregate gross proceeds of approximately $1.4 million.
Energy generation at Brandywine improved significantly in 2010 due to better hydrology and ongoing performance and reliability improvements at the facility.
The Company announced a non-brokered private placement of up to 16,666,667 units of the Company at a price of $0.09 per Unit for aggregate gross proceeds of up to $1,500,000.
The Company has decided to write down the carrying value of its investment in its biomass projects of approximately $5.0 million to a nominal value.
The submission of our development plan is a significant milestone for the Company,” says ROR Power President and CEO Rick Hopp. “A tremendous amount of work goes into preparation of the plan and the fact that we’ve submitted it moves us one step closer to bringing this project to fruition.
The Company today announced its Suskwa and Tsilhqot'in Power projects are no longer under consideration in BC Hydro’s Bioenergy Phase 2 Call. The Company will continue exploring options with its First Nations partners to move these projects forward.
A director and officer of the Company as well as associates of two other directors have participated to the extent of $500,000 of the aggregate offering.