By Laura Lutz
Des Moines, June 14 - Run of River Power Inc. completed a private placement of units for C$11 million, an increase from the C$10 million deal size announced on March 15.
The company sold 27.5 million units of one share and one warrant at C$0.40 per unit. Each warrant will be exercisable at C$0.60 for two years.
Jacob & Co. Securities Inc. led a syndicate of agents that included Global Resource Investments Ltd. and Dundee Securities Corp.
Proceeds will be used to develop the Vancouver, B.C.-based company's renewable energy hydroelectric projects.
| Issuer: | Run of River Power Inc.
|
| Issue: | Units of one share and one warrant
|
| Amount: | C$11 million
|
| Units: | 27.5 million
|
| Price: | C$0.40
|
| Warrants: | One per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.60
|
| Agents: | Jacob & Co. Securities Inc. (lead), Global Resource Investments Ltd., Dundee Securities Corp.
|
| Pricing date: | March 15
|
| Settlement date: | June 14
|
| Stock symbol: | TSX Venture: ROR
|
| Stock price: | C$0.63 at close June 14
|
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