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Reservoir to Raise Up to $3 Million by Private Placement
Published : November 20, 2012
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VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 20, 2012) -  

NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES NOR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA

Reservoir Capital Corp. ("Reservoir" or the "Company") (News - Market indicators)(FRANKFURT:ROC)(BERLIN:ROC) intends to undertake a private placement of $3,000,000 by the issuance of 30,000,000 units at $0.10 per unit. Each unit shall consist of one common share and one non-transferable, common share purchase warrant. Each warrant will entitle the holder to purchase an additional common share at $0.25 for two years. If, after four months from closing, the closing price of the Company's shares on the TSX Venture Exchange is $0.35 or greater for 10 consecutive trading days, the Company may, by notice given within five trading days thereof, accelerate the expiry of the warrants to the 21st trading day after such notice.

The Company will pay 8% finder's fees in respect of subscriptions from investors introduced by eligible finders. The fee will be payable in cash, or at the finder's election, the issuance of that number of units equal to 8% of the number of units issued pursuant to such subscriptions.

There can be no assurance that the private placement will be completed as proposed or at all, and it is subject to all applicable regulatory approvals. The proceeds of the offering will be used by Reservoir to support continued permitting work on its Brodarevo Hydroelectric Project in Serbia, new business efforts in Bosnia and Montenegro and for general corporate purposes.

About Reservoir

Reservoir is a renewable energy company that is engaged in the development of a 59.1 MW hydroelectric project at Brodarevo in southwest Serbia, for which a positive Feasibility Study was completed in June 2012. Reservoir holds four geothermal exploration licenses in Serbia and has applied for three hydroelectric concessions on the Cehotina River in Bosnia (17.75 MW). Reservoir's common shares trade on the TSX Venture Exchange (symbol "REO") and on the Frankfurt and Berlin Exchanges (symbol "ROC"). For further information on Reservoir Capital Corp., please consult the Company's website www.reservoircapitalcorp.com.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933 (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons (as defined in the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws, or an exemption from such registration is available.

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

Reservoir Capital Corp.
Chris MacIntyre
VP Corporate Development
+1 416 703 0010
info@reservoircapitalcorp.com
www.reservoircapitalcorp.com
Data and Statistics for these countries : Canada | Montenegro | Serbia | United States Of America | All
Gold and Silver Prices for these countries : Canada | Montenegro | Serbia | United States Of America | All
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Reservoir Capital Corp.

EXPLORATION STAGE
CODE : REO.V
ISIN : CA7611251033
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Financings of Reservoir Capital Corp.
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.
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 $7,082,400 From Exercise of 2009 Warrants and Acceler...
2/22/2011Granted Extensions for the Brodarevo 1 and 2 Energy Licenses
6/21/2010Signs Earn-in Agreement with Freeport-McMoRan Exploration Co...
5/27/2010Elects Not to Pursue Turkey Agreement
5/10/2010Agreement Signed for Vranjska Banja Geothermal Wells
2/22/2010Granted Three More Geothermal Exploration Permits in Serbia
2/16/2010Advances Brodarevo Hydroelectric Projects in Serbia
1/5/2010Granted Geothermal Exploration Permit in Serbia
8/25/2009Applies for Third Serbian Energy License
8/5/2009Opens Subsidiary to Evaluate Hydro-Power Opportunities in Bo...
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TSX-V (REO.V)
0.325-4.41%
TSX-V
CA$ 0.325
04/17 15:43 -0.020
-4.41%
Prev close Open
0.340 0.380
Low High
0.325 0.380
Year l/h YTD var.
0.010 -  0.340 1,525.00%
52 week l/h 52 week var.
0.010 -  0.340 712.50%
Volume 1 month var.
5,870 80.56%
24hGold TrendPower© : 34
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