By Devika Patel
Knoxville, Tenn., Dec. 30 - Run of River Power Inc. said it plans a C$2.32 million non-brokered private placement of stock.
The company will sell 12,200,260 common shares at C$0.19 apiece.
Settlement is expected Dec. 31.
Proceeds will be used for development of the company's renewable energy projects and for general working capital.
Vancouver, B.C.-based Run of River develops hydroelectric power generation projects in British Columbia.
| Issuer: | Run of River Power Inc.
|
| Issue: | Common shares
|
| Amount: | C$2,318,049
|
| Shares: | 12,200,260
|
| Price: | C$0.19
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Pricing date: | Dec. 30
|
| Settlement date: | Dec. 31
|
| Stock symbol: | TSX Venture: ROR
|
| Stock price: | C$0.23 at close Dec. 30
|
| Market capitalization: | C$17.4 million
|
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