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ROR Power Annual Meeting Elects Three New Directors
Vancouver, BC - June 24, 2010 - Run of River Power Inc. (TSX-V: ROR) (“ROR Power” or “the Company”) today 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. Joining the Board of Directors with re-elected incumbents Tejinder Singh Grewal, Richard Hopp and Peter Zell are William Hardwick, Brett Robinson and John Tapics.
“As ROR Power enters its next phase of growth it will benefit from both continuity and renewal on its Board,” said Mr. Hardwick, who was elected Chair by his fellow directors and is also the Company’s interim President and CEO. “The directors’ excellent mix of qualifications and experience will serve the Company well as it moves forward with new projects and initiatives.”
The Company also announced that, in accordance with its stock option plan, it has granted 50,000 options to each of the three new directors. The options have an exercise price of $0.20 over a five-year term.
Information Contact:
Vick Dusik
Chief Financial Officer
Tel: (604) 946-9232
vsdusik@runofriverpower.com
About Run of River Power Inc.
Run Of River Power Inc. (ROR Power) develops renewable, sustainable
energy through its portfolio of run-of-river and biomass projects. The Company operates an Eco Logo certified
hydroelectric power generation station at Brandywine Creek, near
Whistler, BC that generates cash flow under a 20-year contract with BC
Hydro. ROR Power is well positioned for profitable growth through
power generation initiatives that include its Mamquam Power Project,
selected by BC Hydro for an Electricity Purchase Agreement. ROR Powers
total development potential, in excess of 740 MW, represents a
significant opportunity to help BC meet its rising demand for clean,
sustainable power and achieve energy self sufficiency by 2016.
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.