VANCOUVER, July 4, 2013 /CNW/ - Run of River Power Inc.
(TSX-V: ROR) ("ROR Power" or "the Company") today announced, in
accordance with its approved stock option plan and subject to
regulatory approval, it has granted 875,000 options to directors,
officers and employees of ROR Power. The options are
exercisable at $0.10 per share and
for a term of five years. The options vest over two years with one
third of the options vested immediately and one third becomes
vested on each of the first and second anniversaries of the grant
date.
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. With a total development potential of
approximately 400 MW, the company is well positioned for profitable
growth.
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 law.
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 of accuracy of this release.
www.runofriverpower.com
SOURCE Run of River Power Inc.