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Keywords :   Canada | Serbia |

Reservoir Capital Appoints Lewis Reford as Lead Director


The Board of Directors of Reservoir Capital Corp. ("Reservoir" or the "Company") is pleased to announce that Mr. Lewis T. Reford, an independent director of the Company since January 2011, has also agreed to act as Reservoir's Lead Director. Mr. Reford's new role will be to assist in organizing project finance for the Brodarevo hydroelectric project as it nears completion of Feasibility Studies in the coming months and to guide the Company in the evaluation of potential merger and acquisition opportunities.

Mr. Reford is a veteran energy industry and finance professional with experience in Canada, the U.S. and internationally. Mr. Reford most recently served as Chief Executive Officer of Schneider Power Inc. Prior to his role at Schneider Power Inc., Mr. Reford provided corporate investment consulting services in the renewable energy area. In 2006-2007, he served as president and Chief Executive Officer of MGI Securities, a full-service Canadian brokerage firm and was a Managing Director with J.P. Morgan Securities in New York and Toronto from 1998 to 2005. Prior to his career in investment banking, Mr. Reford worked as a corporate development executive for Total S.A., the Paris-based energy multinational. Mr. Reford currently serves on the Board of Directors of Gazit America (TSX: GAA) and Caldera Geothermal (unlisted).

Miles Thompson, Executive Chairman of Reservoir commented: "Mr. Reford has strong experience in both renewable energy and natural resource finance and we are very fortunate that he has agreed to take a more active role with the Company, given that Brodarevo could be nearing construction, at a time when the prevailing uncertainties in the financial markets are also presenting a number of interesting growth opportunities.

Pursuant to the Company's stock option plan, 200,000 incentive stock options exercisable at $0.60 per share for a period of five years have been granted to Mr. Reford.

About Reservoir

Reservoir is a renewable energy company engaged in the development of a 58.4 MW hydroelectric project at Brodarevo in southwest Serbia. Reservoir also holds an exploration license at Vranjska Banja in Serbia with estimated potential for 20 MW of geothermal energy and has applied for three hydroelectric concessions on the Cehotina River in Bosnia with a combined 17.75 MW potential. Reservoir's common shares trade on the TSX Venture Exchange (symbol "REO") and on the Frankfurt and Berlin Exchanges (symbol "ROC").


Companies Mentionned : Reservoir Capital | Roc | Total |
Data and Statistics for these countries : Canada | Serbia | All
Gold and Silver Prices for these countries : Canada | Serbia | All

Reservoir Capital Corp.

ISIN : CA7611251033
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Reservoir Capital is an exploration company based in Canada.

Reservoir Capital holds various exploration projects in Serbia and montenegro.

Its main exploration properties are DELI JOVAN in Serbia and BRESTOVAC in Serbia and montenegro.

Reservoir Capital is listed in Canada. Its market capitalisation is CA$ 7.6 millions as of today (€ 7.1 millions).

Its stock quote reached its highest recent level on January 18, 2013 at CA$ 3.20, and its lowest recent point on March 21, 2014 at CA$ 0.12.

Reservoir Capital has 16 250 000 shares outstanding.

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Financings of Reservoir Capital Corp.
2/6/2015Completion of Final Tranche of Private Placement
2/5/2013Completion of Final Tranche of Private Placement
12/18/2012Completion of First Tranche of Private Placement
12/6/2011Successful Completion of $4,344,920 Private Placement
11/29/2010Successful Completion of $3,060,000 Private Placement
10/21/2010Increases Private Placement
10/15/2010to Raise $1.98 Million by Way of Private Placement
9/9/2009Successful Completion of $5,000,000 Private Placement
7/21/2009Raise $5,000,000 by Way of Private Placement
Option Grants of Reservoir Capital Corp.
3/9/2010New Appointments and the Granting of Incentive Stock Options
Nominations of Reservoir Capital Corp.
2/9/2012Appoints Lewis Reford as Lead Director
6/8/2011Appoints Serbian Advisor
10/26/2010Appoints Energoprojekt to Complete Brodarevo Feasibility Stu...
Project news of Reservoir Capital Corp.
1/21/2014Brodarevo Project Update and Share Consolidation Proposal
12/12/2012Brodarevo Project Included in the Strategic Economic Coopera...
5/15/2012Granted Planning Permission for its Brodarevo Hydroelectric ...
2/28/2012Brodarevo Hydroelectric Project Update
2/7/2012Brodarevo Projects Included in the Serbia-Italy Bilateral Ag...
6/23/2011Reports Exploration Progress with Freeport-McMoRan Explorati...
12/20/2010Extends its Geothermal Exploration Permit at Vranjska Banja
12/13/2010(Deli Jovan)Orogen Initiates Work Programs to Advance Deli Jovan Gold Pr...
10/21/2010(Deli Jovan)Agreement Completed with Orogen to Advance Deli Jovan Gold P...
Corporate news of Reservoir Capital Corp.
11/6/2015Completion of Private Placement
10/13/2015Reservoir to Raise up to $1 Million by Private Placement
10/8/2015Reservoir Signs Letter of Intent with A2A to Partner or Acqu...
9/15/2015Reservoir Secures Location Permits for its Brodarevo Hydroel...
7/27/2015Reservoir Advances Permitting for its Brodarevo Hydroelectri...
5/7/2015Reservoir Advances Construction Permitting for its Brodarevo...
5/6/2015Reservoir Advances Construction Permitting for Its Brodarevo...
4/1/2015Reservoir Receives New Energy Permits for its Brodarevo Hydr...
3/25/2015Receives New Energy Permits for Its Brodarevo Hydroelectric ...
3/25/2015Reservoir Receives New Energy Permits for Its Brodarevo Hydr...
3/24/2015Reservoir Receives Location Permit for its Brodarevo-2 Hydro...
3/16/2015Reservoir Receives Location Permit for its Brodarevo-2 Hydro...
10/14/2014Reservoir Capital Corp.: Letter of Intent Signed with Inergi...
9/29/2014Reservoir Completes Private Land Purchases at Brodarevo
9/23/2014Reservoir Signs Letter of Intent with Saxa Gres to Develop N...
7/2/2014Reservoir Receives Approval to Settle Insider Debts
9/17/2013Renews and Enlarges its Vranjska Banja Geothermal License
6/26/2013Environmental Permits Granted for the Brodarevo Hydroelectic...
5/21/2013Concession Contract Completed for Cehotina Hydroelectic Proj...
1/16/2013Granted Concessions for 18 MW Cehotina Hydroelectric Project...
12/11/2012Brodarevo Project Included in the Strategic Economic Coopera...
11/20/2012to Raise Up to $3 Million by Private Placement
9/11/2012Granting of Incentive Stock Options
1/31/2012Granted Three-Year Extensions for Brodarevo Energy Permits
1/10/2012Completes Geotechnical Work at Brodarevo
10/14/2011and Reservoir Minerals Inc. Announce Closing of Arrangement
6/29/2011Signs Power Purchase Agreement with GDF SUEZ Energia Italia ...
6/21/2011Brodarevo Included In The Spatial Plan of the Republic of Se...
6/13/2011Acquires Land for Brodarevo-2 Dam Site Construction
5/25/2011Announces Completion of Private Placement by Reservoir Miner...
5/10/2011Brodarevo Progress Report
5/3/2011Starts Testing Brodarevo Hydrological Models
4/11/2011Opens Subsidiary in Italy-REV Italia S.r.l.
3/25/2011Announces Spin-Out of Mineral Exploration Assets
2/24/2011Raises $7,082,400 From Exercise of 2009 Warrants and Acceler...
2/22/2011Granted Extensions for the Brodarevo 1 and 2 Energy Licenses
6/21/2010Signs Earn-in Agreement with Freeport-McMoRan Exploration Co...
5/10/2010Agreement Signed for Vranjska Banja Geothermal Wells
2/22/2010Granted Three More Geothermal Exploration Permits in Serbia
1/5/2010Granted Geothermal Exploration Permit in Serbia
8/25/2009Applies for Third Serbian Energy License
8/5/2009Opens Subsidiary to Evaluate Hydro-Power Opportunities in Bo...
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