| Reservoir Completes Private Land Purchases at Brodarevo | |
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VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sep 29, 2014) - Reservoir Capital Corp. ("Reservoir" or the "Company") (TSX VENTURE:REO)(ROC.F)(ROC.BE) is pleased to report that it has acquired full ownership of the private land needed to construct the Brodarevo-2 hydroelectric dam and related infrastructure. Completion of this purchase was one of the final steps towards the issuance of building permits for the project. Reservoir completed positive feasibility studies for the Brodarevo hydroelectric projects in 2012 and has since been working to conclude agreements with the Serbian government for use of government-owned land affected by the project. The Company is also awaiting ratification of the Bilateral Agreement on Energy between the governments of Italy and Serbia that would secure a viable feed-in-tariff for the power to be produced from the projects. About Reservoir Reservoir is a renewable energy company engaged in the development of a 59.1 MW hydroelectric project at Brodarevo on the River Lim, the Vranjska Banja geothermal project, both in southern Serbia. Proposed agreements with Saxa Gres also provide an important new growth business for the Company in well-regulated Italian market. Reservoir's common shares trade on the TSX Venture Exchange (symbol "REO") and on the Frankfurt and Berlin Exchanges (symbol "ROC"). Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.
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Reservoir Capital Corp.
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EXPLORATION STAGE |
CODE : REO.V |
ISIN : CA7611251033 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Reservoir Capital is a 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$ 917 500 as of today (US$ 702 043, € 597 649). Its stock quote reached its highest recent level on March 16, 2012 at CA$ 9.80, and its lowest recent point on June 09, 2017 at CA$ 0.03. Reservoir Capital has 18 350 000 shares outstanding. |