Reservoir Capital Corp. Receives US$ Dividend from Nigerian Hydro Investment
Vancouver, British Columbia--(Newsfile Corp. - August 7, 2019) - Reservoir Capital Corp. (CSE: REO) ("REO") is pleased to announce that its subsidiary, Kainji Power Holding Limited ("KPHL") has received notice it will receive an interim 2019 dividend of US$441,990 from its investment in Mainstream Energy Solutions Limited ("MESL"). This most recent dividend follows the closing of REO's June 2019 transaction whereby it increased its indirect economic interest in MESL from 1.2% to approximately...
2019-08-07 4:42 PM EDT
Reservoir Capital Corp. Announces Director Resignation
Vancouver, British Columbia--(Newsfile Corp. - July 23, 2019) - Reservoir Capital Corp. (CSE: REO) ("REO" or the "Company") announces the resignation of Winston Bennett as a director and the chairman of the audit committee of the Company. The Company wishes to sincerely thank Mr. Bennett for his tremendous contribution, professional dedication and valuable financial guidance to the Company over the past nine years. About Reservoir Capital Corp. REO's Vision & Mission is to assemble a...
2019-07-23 5:46 PM EDT
Reservoir Capital Corp. Completes Transaction to Triple its Indirect Interest in Mainstream Energy Solutions Limited
Vancouver, British Columbia--(Newsfile Corp. - June 26, 2019) - Reservoir Capital Corp. (CSE: REO) ("REO" or the "Company") is pleased to announce that it has completed its previously announced direct acquisition of shares of Kainji Power Holding Limited ("KPHL") and indirect increase in its economic interest in Mainstream Energy Solutions Limited ("MESL"), pursuant to the terms of a definitive share exchange agreement (the "Definitive Agreement") with KPHL and certain shareholders (the...
2019-06-26 10:00 AM EDT
Reservoir Capital Corp. Announces Appointment of New CFO
Vancouver, British Columbia--(Newsfile Corp. - May 29, 2019) - Reservoir Capital Corp. (CSE: REO) ("REO") is pleased to announce the appointment of Bill Tsang as Chief Financial Officer (CFO). Mr. Tsang is an experienced finance professional, working in the resource and energy sectors. Lewis Reford, Chief Executive Officer, said: "On behalf of the Board and the Company, I am delighted to see Bill promoted to the CFO role at Reservoir. Having served as our treasurer for a number of years, Bill...
2019-05-29 4:15 PM EDT
Reservoir Capital Corp. Announces Filing of Annual Financial Statements
Vancouver, British Columbia--(Newsfile Corp. - May 13, 2019) - Reservoir Capital Corp. (CSE: REO) ("REO" or the "Company") announces that it has filed its annual financial statements for the fiscal year ended December 31, 2018 (the "Annual Financial Statements"), related management's discussion and analysis ("MD&A") and officer certificates on www.sedar.com, as requ
2019-05-13 12:37 PM EDT
Reservoir Capital Corp. Enters into Definitive Agreement to Triple its Indirect Interest in Mainstream Energy Solutions Limited
Vancouver, British Columbia--(Newsfile Corp. - May 7, 2019) - Reservoir Capital Corp. (CSE: REO) ("REO" or the "Company") is pleased to announce that it has entered into a definitive share exchange agreement (the "Definitive Agreement") with Kainji Power Holding Limited ("KPHL") and certain shareholders (the "Vendors") of Mainstream Energy Solutions Limited ("MESL"), pursuant to which REO will acquire shares of both MESL and KPHL in exchange for the issuance of REO common shares ("REO...
2019-05-07 1:40 PM EDT
Reservoir Capital Corp. Announces Late Filing of Financial Statements And Management Cease Trade Order
Vancouver, British Columbia--(Newsfile Corp. - April 17, 2019) - Reservoir Capital Corp. (CSE: REO) ("REO") announces today that it will likely miss its filing deadline of April 30, 2019 to file its annual financial statements for the fiscal year ended December 31, 2018 (the "Annual Financial Statements") and related management discussion and analysis ("MD&A"), as required by applicable Canadian securities laws. On September 21, 2018, the Company underwent a reverse takeover transaction where...
2019-04-17 4:10 PM EDT
Reservoir Capital Corp. Enters into Memorandum of Understanding to Increase Its Nigerian Hydro Investment
Vancouver, British Columbia--(Newsfile Corp. - April 16, 2019) - Reservoir Capital Corp. (CSE: REO) ("REO") is pleased to announce that it has reached agreements in principle and non-binding Memorandum of Understanding dated April 3, 2019 with Kainji Power Holding Limited ("KPHL") and certain shareholders (the "Vendors") of Mainstream Energy Solutions Limited ("MESL"), pursuant to which REO proposes to substantially increase both its indirect economic in
2019-04-16 11:00 AM EDT
Reservoir Capital Corp. receives US$ dividend from Nigerian hydro investment
Vancouver, British Columbia--(Newsfile Corp. - March 28, 2019) - Reservoir Capital Corp. (CSE: REO) ("REO") is pleased to announce that its subsidiary, Kainji Power Holding Limited ("KPHL") has received notice it will receive a final 2018 dividend of ~ US$325,000 from its investment in Mainstream Energy Solutions Limited ("MESL"), following the receipt of an earlier US$219,639 interim 2018 dividend (see news release dated January 16, 2019). KPHL holds a ~ 2 percent interest in MESL,...
2019-03-28 8:30 AM EDT
Reservoir Capital Corp. Debt Free Following Share Swap Note Cancellation
Vancouver, British Columbia--(Newsfile Corp. - February 15, 2019) - Reservoir Capital Corp. (CSE: REO) ("REO") is pleased to announce that it has agreed with its only creditor to convert the full $242,036 amount of promissory note debt into 4,840,720 common shares of the Company at a deemed price of $0.05 per share, in addition to the issuance to the creditor of a 12-month warrant exercisable into 1,000,000 common shares of the Company at an exercise price of $0.10 per share. The Company...
2019-02-15 8:30 AM EST
Reservoir Capital Corp. Receives Bonus Shares in Nigerian Hydro Investment
Vancouver, British Columbia--(Newsfile Corp. - February 7, 2019) - Reservoir Capital Corp. (CSE: REO) ("REO") is pleased to announce that its subsidiary, Kainji Power Holding Limited ("KPHL") has received a one-for-five bonus share issuance from its interest in Mainstream Energy Solutions Limited ("MESL"). As a result, KPHL now owns 10,131,999 MESL shares, an increase of 1,688,666 shares from its previous holdings of 8,443,333 shares. The bonus shares were issued to all MESL shareholders on a...
2019-02-07 4:15 PM EST
Reservoir Capital Corp. Receives First US$ Dividend
Vancouver, British Columbia--(Newsfile Corp. - January 16, 2019) - Reservoir Capital Corp. (CSE: REO) ("REO") is pleased to announce that its subsidiary, Kainji Power Holding Limited ("KPHL") has received on January 16, 2019 a new interim dividend of US$219,639 in respect of Mainstream Energy Solutions Limited's ("MESL") 2018 accounting year. This dividend constitutes the first revenue for REO since the completion of the KPHL transaction (see news release dated September 21, 2018). CEO Lewis...
2019-01-16 11:54 AM EST
Reservoir Capital Corp. Completes Acquisition of an Indirect Interest in Mainstream Energy Solutions Limited
Vancouver, British Columbia--(Newsfile Corp. - September 21, 2018) - Reservoir Capital Corp. ("Reservoir") is pleased to announce that it has completed the previously announced acquisition of a 60% interest in Kainji Power Holding Limited ("KPHL"), resulting in Reservoir owning an indirect minority (approximately 1.3%) interest in Mainstream Energy Solutions Limited (the "Transaction"). As conditions to completion of the Transaction, Reservoir has received approval of the Canadian Securities...
2018-09-21 3:01 PM EDT
Reservoir Capital Corp. Enters into Definitive Agreement to Acquire Indirect Interest in Mainstream Energy Solutions Limited
Vancouver, British Columbia--(Newsfile Corp. - August 27, 2018) - Reservoir Capital Corp. (TSXV: REO) ("Reservoir") is pleased to announce that it has entered into a definitive share purchase agreement (the "Agreement") with Kappafrik Management DMCC ("KMGT") to acquire shares of Kainji Power Holding Limited ("KPHL") pursuant to which Reservoir will acquire outstanding shares of KPHL that will result in Reservoir owning an indirect minority (approximately 1.3%) interest in Mainstream Energy...
2018-08-27 12:10 PM EDT
Reservoir Enters into Heads of Agreement for Toehold Investment in Nigerian Hydro Producer
Vancouver, British Columbia--(Newsfile Corp. - February 6, 2018) - Reservoir Capital Corp. (TSXV: REO) ("Reservoir") is pleased to announce that it has executed a Heads of Agreement dated February 5, 2018 with Kainji Power Holding Limited ("KPHL") respecting a share exchange transaction that will result in Reservoir owning a 60% stake in KPHL and KPHL beneficiaries holding jointly 76.7% of Reservoir. KPHL holds a 2.1% interest in Mainstream Energy Solutions Limited ("MESL"), Nigeria's leading...
2018-02-06 12:14 PM EST
IIROC Trade Halt - Reservoir Capital Corp.
Vancouver, British Columbia--(Newsfile Corp. - February 5, 2018) - The following issues have been halted by IIROC: Company:
2018-02-05 1:28 PM EST
Reservoir Capital, Corporate Update
Vancouver, British Columbia--(Newsfile Corp. - January 18, 2018) - Reservoir Capital Corp. (TSXV: REO) ("Reservoir") today announced that its wholly owned Serbian subsidiary, Renewable Energy Ventures d.o.o. Belgrade ("REV doo"), has filed a voluntary petition under the Serbian Bankruptcy Code in the Serbian Bankruptcy Court in Belgrade, respecting the winding up of REV doo's operations and liquidation of its assets. The relief is being sought to permit Reservoir to move forward with plans to...
2018-01-18 8:30 AM EST
Reservoir Capital Announces Completion of Private Placement and Conversion of Balance of Loan Agreement
Vancouver, British Columbia--(Newsfile Corp. - December 5, 2017) - Reservoir Capital Corp. (TSXV: REO) ("Reservoir" or the "Company") is pleased to announce it has completed its private placement financing announced November 14, 2017 (the "Private Placement") raising $872,500 through the issue of 17,450,000 common shares at $0.05 per share. The Company paid finder's fees of 2% ($16,250) in respect of subscriptions from investors introduced by Kappafrik Group ($13,050), CRM Global Capital...
2017-12-05 9:45 AM EST
Reservoir Announces Private Placement, Completion of Debt Settlement, and Conversion of Loan Agreement
Vancouver, British Columbia--(Newsfile Corp. - November 14, 2017) - Reservoir Capital Corp. (TSXV: REO) ("Reservoir" or the "Company") intends to undertake a private placement to raise up to $1,200,000 through the issue of up to 24,000,000 common shares at $0.05 per share (the "Offering"). The Company will pay 2% finder's fees in cash in respect of subscriptions from investors introduced by eligible finders. There can be no assurance that the Offering will be completed as proposed or at all,...
2017-11-14 8:30 AM EST