Reservoir Capital Appoints Lewis Reford as
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
Pursuant to the Company's stock option plan, 200,000 incentive stock options
exercisable at $0.60 per share for a period of five years have been granted to
Reservoir is a renewable energy company engaged in
the development of a 58.4 MW hydroelectric project at Brodarevo
in southwest Serbia. Reservoir also holds an exploration license at Vranjska Banja in Serbia with
estimated potential for 20 MW of geothermal energy and has applied for three
hydroelectric concessions on the Cehotina River in
Bosnia with a combined 17.75 MW potential. Reservoir's common shares trade on
the TSX Venture Exchange (symbol "REO") and on the Frankfurt and
Berlin Exchanges (symbol "ROC").
Reservoir Capital Corp.
CODE : REO.V
ISIN : CA7611251033
Projects & res.Press
Asset profileContact Cpy
Reservoir Capital is an exploration company based in Canada.
Reservoir Capital holds various exploration projects in Serbia and montenegro.
Its main exploration properties are DELI JOVAN in Serbia and BRESTOVAC in Serbia and montenegro.
Reservoir Capital is listed in Canada. Its market capitalisation is CA$ 5.5 millions as of today (US$ 3.9 millions, € 3.5 millions).
Its stock quote reached its highest recent level on February 15, 2013 at CA$ 2.40, and its lowest recent point on March 21, 2014 at CA$ 0.12.
Reservoir Capital has 18 250 000 shares outstanding.