ROR Power Grants Incentive Stock Options to Officers and Employees
15 August 2012 - 9:00AM
PR Newswire (Canada)
VANCOUVER, Aug. 14, 2012 /CNW/ - Run of River Power Inc. ("ROR
Power" or "the Company") today announced, in accordance with its
approved stock option plan it has granted 485,000 options to
officers and employees. The options are exercisable at $0.10
per share and for a term of five years. The options vest over two
years as follows: 1/3 on the grant date, 1/3 twelve months from the
grant date and 1/3 twenty-four months from 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. Run of River Power Inc. CONTACT: Information Contact
Richard W. HoppPresident and CEOTel:
604-946-9232rhopp@runofriverpower.com
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