Thursday, Run of River Power Inc. (ROR.V) said it completed the acquisition of 80% of the issued and outstanding shares of Pacific Northwest Biomass Corp. Upon completion of the acquisition, the proposed 30 MW biomass power plant by Pacific Northwest Biomass would produce in excess of 240,000 MWh/yr of green, sustainable energy or electricity for approximately 24,000 homes annually, noted the company.
The company said a total of 4 million shares have been issued to the shareholders of Pacific Northwest Biomass which are held in escrow to be released in two stages. All shares issued to the Pacific Northwest Biomass shareholders are subject to a hold expiring on January 17, 2009.
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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.