Reservoir Capital is pleased to announce that it is has completed the first tranche of a non-brokered private placement financing raising $499,939.95 by the issuance of 3,332,933 units at $0.15 per unit. Each unit was comprised of one common share and one non-transferable, common share purchase warrant. Each Warrant entitles the holder to purchase [...]
Reservoir Capital announces that the TSX Venture Exchange has accepted for filing the Company's proposal to issue 933,332 shares to settle outstanding debt for $140,000. As announced by press release on June 9, 2014, the Company entered into agreements with its Chairman, President & CEO and Vice-President Corporate Development, terminating their [...]
Reservoir Capital intends to undertake a private placement of $1,000,000 by the issuance of 6,666,666 units at $0.15 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 $0.20 for five years. If, after four months [...]
Reservoir Capital announces that the date for the consolidation of its common shares on the basis of one (1) "new" common share for twenty (20) "old" common shares has been set. Effective March 14, 2014, the common shares of the Company will commence trading on the TSX Venture Exchange on a consolidated basis under the same stock symbol "REO". The [...]
Reservoir Capital is at an advanced stage of permitting for its Brodarevo Hydroelectric Project in Serbia, for which a positive Feasibility Study was completed in 2012 and Environmental Permits granted in 2013. The Company now awaits a decision from the Government of Serbia with regard to use of the government owned land affected by the project in [...]
Reservoir Capital is pleased to report that the Ministry of Natural Resources, Mining and Spatial Planning, of the Republic of Serbia has renewed the Company's Vranjska Banja geothermal exploration license in southern Serbia for an additional 3-year period to August 16, 2016. The license now also covers the geothermal wells VG-2 and VG-3 that were [...]
Reservoir Capital is pleased to announce that the Ministry of Energy, Development and Environment of the Republic of Serbia, has approved the Company's Environmental Impact Assessment for the Brodarevo 1 and Brodarevo 2 hydroelectric projects on the River Lim in southern Serbia. Energoprojekt Hidroinzenjering completed the EIA in accordance with [...]
Reservoir Capital is pleased to report that it has posted bank guarantees and signed a Concession Contract with the Government of the Republika Srpska (an autonomous region of Bosnia and Herzegovina) for the 30-year concession to develop and build three run-of-river hydroelectric power projects on the Cehotina River. The three projects have a [...]
Reservoir Capital is pleased to announce that it is has completed the final tranche of a non-brokered private placement financing that was announced on November 21, 2012 raising an additional $215,000 by the issuance of 2,150,000 units at $0.10 per unit. Each unit was comprised of one common share and one non-transferable, common share purchase [...]
Reservoir Capital is pleased to report that the Government of the Republika Srpska has granted 30-year concessions to the Company's wholly owned subsidiary REV d.o.o. Foca, to develop and build three run-of-river hydroelectric power projects on the Cehotina River. The three projects have a combined capacity of 17.76 megawatts and an projected [...]
Reservoir is pleased to announce that it is has completed the first tranche of a non-brokered private placement financing raising $2,785,000 by the issuance of 27,850,000 units at $0.10 per unit. Each unit was comprised of one common share and one non-transferable, common share purchase warrant. Each Warrant entitles the holder to purchase an [...]
Reservoir Capital is pleased to report that its Brodarevo 1 and 2 Hydroelectric Project have been included in the Strategic Economic Cooperation Arrangement signed between the Canadian Commercial, a Crown corporation of the Government of Canada, and the government of the Republic of Serbia, to consider collaborative opportunities relating to the [...]
