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Reservoir Capital Corp. (C:REO)

Business Focus: Hydroelectric & Tidal Utilities

May 10, 2022 06:56 pm ET
CSE Bulletin: Suspensions (ASEP, EMER, GPO, LYNX, REO, YOUR, TSF)
Toronto, Ontario--(Newsfile Corp. - Le 10 mai/May 2022 ) - Effective immediately, the following companies are suspended pursuant to CSE Policy 3. The suspensions are considered Regulatory Halts as defined in National Instrument 23-101 Trading Rules. Cease Trade Orders have been issued by one or more securities commissions.
May 10, 2022 07:57 am ET
IIROC Trading Halt - REO
VANCOUVER, BC, May 10, 2022 /CNW/ - The following issues have been halted by IIROC:
Mar 25, 2022 10:15 am ET
IIROC Trade Resumption - REO
VANCOUVER, BC, March 25, 2022 /CNW/ - Trading resumes in:
Mar 25, 2022 09:42 am ET
CSE Bulletin: Reinstatement - Reservoir Capital Corp. (REO)
Toronto, Ontario--(Newsfile Corp. - le 25 mars/March 2022) - Effective immediately, Reservoir Capital Corp. will be reinstated for trading.
Mar 23, 2022 11:27 am ET
Reservoir Capital Corp. Announces Revocation of Cease Trade Order
Reservoir Capital Corp. (CSE: REO) ("REO" or the "Company") announced today that the cease trade order issued by the British Columbia Securities Commission and the Ontario Securities Commission on August 4, 2021 for failure to file financial...
Mar 11, 2022 07:42 pm ET
Reservoir Capital Corp. Update on Nigerian Dispute
(CSE: REO) - Reservoir Capital Corp. ("REO" or the "Company") would like to provide an update on the ongoing dispute with a Nigerian shareholder (see the news release filed on the Company's SEDAR profile on May 7, 2021 for further details on the...
Aug 05, 2021 07:39 pm ET
Reservoir Capital Corp. Chief Financial Officer Resignation
(CSE: REO) - Reservoir Capital Corp. (CSE: REO) ("REO" or the "Company") has announced that, effective August 3, 2021, Mr. Omar Gonzalez has resigned as the Company’s Chief Financial Officer ("CFO"). The search for a new CFO has been initiated by...
Aug 05, 2021 04:19 pm ET
CSE Bulletin: Suspension - Reservoir Capital Corp. (REO)
Toronto, Ontario--(Newsfile Corp. - le 5 aout/August 2021) Effective immediately, Reservoir Capital Corp. is suspended pursuant to CSE Policy 3. The suspension is considered a Regulatory Halt as defined in National Instrument 23-101 Trading Rules. A cease trade order has been issued by the British Columbia Securities Commission and Ontario Securities Commission.
Aug 05, 2021 07:52 am ET
IIROC Trading Halt - REO
VANCOUVER, BC, Aug. 5, 2021 /CNW/ - The following issues have been halted by IIROC:
Jul 05, 2021 09:41 pm ET
Reservoir Capital Corp. Update on Management Cease Trade Order
(CSE: REO) -- Reservoir Capital Corp. ("REO" or the "Company") announces that it continues to work closely with its auditor to overcome delays as a result of complexities caused by COVID-19 in Nigeria, Mauritius and Canada in preparing its...
Jun 16, 2021 05:07 pm ET
Reservoir Capital Corp. Update on Management Cease Trade Order
(CSE: REO) – Reservoir Capital Corp. ("REO" or the "Company") announces that it continues to work closely with its auditor to overcome delays as a result of complexities caused by COVID-19 in Nigeria, Mauritius and Canada in preparing its financial...
Jun 03, 2021 05:19 pm ET
Reservoir Capital Corp. Update on Management Cease Trade Order
(CSE: REO) – Reservoir Capital Corp. ("REO" or the "Company") announces that it continues to work closely with its auditor to overcome delays as a result of complexities caused by COVID-19 in Nigeria, Mauritius and Canada in preparing its financial...
May 18, 2021 05:01 pm ET
Reservoir Capital Corp. Update on Management Cease Trade Order
(CSE: REO) – Reservoir Capital Corp. ("REO" or the "Company") announces that it continues to work closely with its auditor to overcome delays as a result of complexities caused by COVID-19 in Nigeria, Mauritius and Canada in preparing its financial...
May 04, 2021 04:26 pm ET
Reservoir Capital Corp. Late Filing of Financial Statements and Management Cease Trade Order
Reservoir Capital Corp. ("REO" or the "Company") announces that it has encountered delays in completing its audited financial statements for the year ended December 31, 2020 because REO, its subsidiary Kainji Power Holding Limited and its primary...
Feb 05, 2021 07:50 pm ET
Reservoir Capital Corp. involved in Lawsuit with Nigerian Shareholder
(CSE: REO) - Reservoir Capital Corp. (CSE: REO) ("REO" or the "Company") announces that an offshore subsidiary of the Company, Kainji Power Holdings Limited (“KPHL”), was informed recently of a lawsuit filed in Nigeria against the Company, its...
Dec 31, 2020 08:20 am ET
Reservoir Capital Corp. Appoints new Chief Financial Officer
(CSE: REO) - Reservoir Capital Corp. (CSE: REO) ("REO" or the "Company") is pleased to announce that, effective January 1, 2021, Mr. Omar Gonzalez will serve as the Company’s new Chief Financial Officer ("CFO"). Mr. Gonzalez will oversee all...
Aug 14, 2020 02:12 pm ET
CSE Bulletin: Consolidation - Reservoir Capital Corp. (REO)
Toronto, Ontario--(Newsfile Corp. - Le 14 aout/August 2020) Reservoir Capital Corp. (REO) has announced a consolidation of its issued and outstanding common shares on the basis of one (1) post-consolidation common shares for one hundred (100) pre-consolidation common shares.
Aug 13, 2020 07:57 am ET
Reservoir Capital Corp. to Consolidate its Common Shares
(CSE: REO) - Reservoir Capital Corp. (CSE: REO) ("REO" or the "Company") announces that effective at the opening of markets on August 18, 2020, the Company has consolidated its outstanding common shares (the “Shares”) on the basis of one (1)...
Jun 30, 2020 09:56 pm ET
Reservoir Capital Corp. Announces Filing of Annual Financial Statements
(CSE: REO) - 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, 2019 (the "Annual Financial Statements"), related management’s discussion...
Jun 11, 2020 06:27 pm ET
Reservoir Capital Corp. Announces Filing of Application for Management Cease Trade Order
Reservoir Capital Corp. (CSE: REO) (“REO” or the “Company”) announces that it will likely miss its filing deadline of June 15, 2020 to file annual consolidated financial statements and accompanying management’s discussion and analysis and related...
Jun 01, 2020 05:00 pm ET
Reservoir Capital Corp. Confirms Relief on Late Filing of Q1 Financial Statements
Reservoir Capital Corp. (CSE: REO) ("REO" or the "Company") today announces that it intends to rely on the temporary blanket relief for market participants published on March 23, 2020 (the “Blanket Order”) by the Canadian Securities Administrators...
Apr 17, 2020 05:01 pm ET
Reservoir Capital Corp. Completes Transaction Securing 100% Ownership in Olocorp Nigeria Ltd. Adding 3.7MW Net Operating Capacity and Announces Late Filing of Financial Statements
Reservoir Capital Corp. (CSE: REO) ("REO" or the "Company") is pleased to announce that, through its wholly-owned subsidiary, Kainji Power Holding Limited ("KPHL"), it has completed the previously announced acquisition of Olocorp Nigeria Ltd....
Mar 13, 2020 05:09 pm ET
Reservoir Capital Corp. Enters into Agreement to Complete its acquisition of Olocorp Nigeria Ltd adding 3.7MW Net Operating Capacity to REO to Reach 46.3MW
(CSE: REO) - Reservoir Capital Corp. (CSE: REO) ("REO" or the “Company”) is pleased to announce that, through its wholly-owned subsidiary, Kainji Power Holding Limited ("KPHL"), it has entered into a share sale and purchase agreement (the...
Jan 31, 2020 05:00 pm ET
Reservoir Capital Corp. Cancels Non-Brokered Private Placement
Reservoir Capital Corp. (CSE: REO) ("REO" or the “Company”) announced it has cancelled a non-brokered private placement previously announced on December 11, 2019 due to adverse market conditions. CEO Lewis Reford commented, “The planned offering...
Jan 06, 2020 06:21 pm ET
Reservoir Capital Corp. Receives further Dividend payment from Investment
(CSE: REO) - Reservoir Capital Corp. (CSE: REO) ("REO" or the “Company”) is pleased to announce that its wholly-owned subsidiary, Kainji Power Holding Limited ("KPHL") has received yet another payment in respect of its interim dividend for 2019...
Dec 31, 2019 05:00 pm ET
Reservoir Capital Corp. Receives further Dividend from Investment
(CSE: REO) - Reservoir Capital Corp. (CSE: REO) ("REO" or the “Company”) is pleased to announce that its wholly-owned subsidiary, Kainji Power Holding Limited ("KPHL") has received another interim dividend in respect of its investment in Mainstream...
Dec 31, 2019 08:00 am ET
Reservoir Capital Corp. Completes Transaction Securing 60% Ownership in OLOCORP Nigeria Ltd
Reservoir Capital Corp. (CSE: REO) ("REO" or the "Company") is pleased to announce that, through its wholly-owned subsidiary, Kainji Power Holding Limited ("KPHL"), it has completed its previously announced acquisition of a 60% equity stake in...
Dec 11, 2019 05:13 pm ET
Reservoir Capital Corp. Announces a Non-Brokered Debt & Equity Private Placement
Reservoir Capital Corp. (CSE: REO) ("REO" or the “Company”) is pleased to announce that it intends to raise via a non-brokered private placement up to C$3 million in units (“Units”) of the Company (“Units Offering”) and up to C$2 million in...
Nov 11, 2019 09:35 am ET
Reservoir Capital Corp. Enters into Agreement to Invest indirectly in Shiroro & Gurara Hydropower plants and add 5.5MW net operating capacity to reach 42.6MW
Reservoir Capital Corp. (CSE: REO) ("REO" or the “Company”) is pleased to announce that, along with its wholly-owned subsidiary Kainji Power Holding Limited (“KPHL”), it has entered into a share sale and purchase agreement (the “Agreement”) with...
Oct 29, 2019 07:35 am ET
Reservoir Capital Corp. Completes Transaction to Secure 100% Ownership of Kainji Power Holding Limited and Adds to Management Team
(CSE: REO) - Reservoir Capital Corp. (CSE: REO) ("REO" or the “Company”) is pleased to announce that it has completed its previously announced acquisition of shares of Kainji Power Holding Limited (“KPHL”) from Mr. Vincent Gueneau, the Company's...
Oct 07, 2019 07:43 am ET
Reservoir Capital Corp. secures 100% ownership of its hydro subsidiary
Reservoir Capital Corp. (CSE: REO) ("REO" or the “Company”) is pleased to announce that it has entered into an agreement (the “Buyout Agreement”) with its Executive Chairman, Mr. Vincent Gueneau, to acquire his 5% ownership interest in the...
Sep 03, 2019 05:07 pm ET
Reservoir Capital Corp. announces Appointment of a New Director and Chair of Audit Committee
Reservoir Capital Corp. (CSE: REO) ("REO") is pleased to announce that Ms. Barakat Balmelli has agreed to join REO’s Board as an independent director.  She will also serve as Chair of REO’s Audit Committee. Ms. Balmelli is an experienced finance...
Aug 07, 2019 04:42 pm ET
Reservoir Capital Corp. Receives US$ 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 3.8% and acquired an additional 35% direct interest in KPHL, bringing REO's total equity interest in KPHL to 95%.
Jul 23, 2019 05:46 pm ET
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.
Jun 27, 2019 03:11 pm ET
Shareholder News Release
Vancouver, British Columbia--(Newsfile Corp. - June 27, 2019) - In accordance with the requirements of Section 3.1 of National Instrument 62-103, Mr. Tunde J. Afolabi (the "Acquiror") announces that he has acquired 199,942,233 common shares (the "Shares") of Reservoir Capital Corp. of 543 Granville Street Vancouver, British Columbia V6C 1X8 (the "Issuer") on June 26, 2019 (the "Transaction").
Jun 26, 2019 10:00 am ET
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 "Vendors") of MESL and KPHL, as previously announced on May 7, 2019 and April 16, 2019.
May 29, 2019 04:15 pm ET
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.
May 13, 2019 12:37 pm ET
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 required by applicable Canadian securities laws. The Company is now current on its continuous disclosure.
May 07, 2019 01:55 pm ET
IIROC Trade Resumption - REO
VANCOUVER, April 7, 2019 /CNW/ - Trading resumes in:
May 07, 2019 01:40 pm ET
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 Shares") to the Vendors (the "Transaction"). The Transaction constitutes the second stage of REO's investment into MESL and will result in the Company increasing its indirect economic interest in MESL from 1.2% to approximately 3.8%. On September 21, 2018, REO underwent a reverse takeover transaction when it acquired a 60% interest in KPHL, resulting in the Issuer owning its initial indirect minority interest in MESL.
May 07, 2019 12:32 pm ET
IIROC Trading Halt - REO
VANCOUVER, May 7, 2019 /CNW/ - The following issues have been halted by IIROC:
Apr 17, 2019 04:10 pm ET
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.
Apr 16, 2019 11:16 am ET
IIROC Trade Resumption - REO
VANCOUVER, April 16, 2019 /CNW/ - Trading resumes in:
Apr 16, 2019 11:00 am ET
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 interest in MESL and its direct stake in KPHL in exchange for the issuance of common shares of REO ("REO Shares") to the Vendors and their designated beneficiaries (the "Transaction"). The Transaction is subject to the terms of definitive share exchange agreements (the "Definitive Agreements") to be negotiated among REO and the Vendors.
Apr 16, 2019 10:46 am ET
IIROC Trading Halt - REO
VANCOUVER, April 16, 2019 /CNW/ - The following issues have been halted by IIROC:
Mar 28, 2019 08:30 am ET
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).
Feb 15, 2019 08:30 am ET
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 $0.10 per share. The Company wishes to settle this final amount of indebtedness with common shares in order to fulfill a strategic goal to become debt free and to preserve its cash for operations. The shares-for-debt transaction is subject to the approval of the CSE.
Feb 07, 2019 04:15 pm ET
Reservoir Capital Corp. Receives Bonus Shares in Nigerian Hydro Investment
Vancouver, British Columbia--(Newsfile Corp. - February 7, 2019) - Reservoir Capital Corp. (CSE: REO) ("REO") is pleased to announce that its subsidiary, Kainji Power Holding Limited ("KPHL") has received a one-for-five bonus share issuance from its interest in Mainstream Energy Solutions Limited ("MESL"). As a result, KPHL now owns 10,131,999 MESL shares, an increase of 1,688,666 shares from its previous holdings of 8,443,333 shares. The bonus shares were issued to all MESL shareholders on a pro rata basis. At the same time, MESL issued17,600,000 shares into a trust for its newly-created Employee Share Ownership Plan. The bonus share issuance and the creation of the ESOP have increased MESL's outstanding share count from 402 million to the maximum 500 million shares permitted under its By-Laws.
Jan 16, 2019 11:54 am ET
Reservoir Capital Corp. Receives First US$ 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).
Oct 05, 2018 07:10 am ET
(PODCAST!) NewlyTrading: Reservoir Capital Corp. (REO:CSE)
October 5th  2018 / TheNewswire / On this edition of NewlyTrading, Lewis Reford , CEO of Reservoir Capital Corp. (REO:CSE).
Sep 24, 2018 06:19 pm ET
Acquisition of Common Shares of Reservoir Capital Corp.
Vancouver, British Columbia--(Newsfile Corp. - September 24, 2018) - Kappafrik Management DMCC ("KMGT") announces that in connection with the acquisition by Reservoir Capital Corp. (the "Company") of a 60% interest of Kainji Power Holding Limited ("KPHL"), pursuant to a definitive share purchase agreement dated August 27, 2018 with KMGT, resulting in the Company owning an indirect minority (approximately 1.3%) interest in Mainstream Energy Solutions Limited, as further described in the Company's press release dated September 21, 2018 (the "Transaction"), KMGT acquired ownership and control of 88,800,000 common shares (the "Shares") of the Company.
Sep 24, 2018 06:12 pm ET
Acquisition of Common Shares of Reservoir Capital Corp.
Vancouver, British Columbia--(Newsfile Corp. - September 24, 2018) - Vincent Gueneau announces that in connection with the acquisition by Reservoir Capital Corp. (the "Company") of a 60% interest of Kainji Power Holding Limited ("KPHL"), pursuant to a definitive share purchase agreement dated August 27, 2018 with Kappafrik Management DMCC ("KMGT"), resulting in the Company owning an indirect minority (approximately 1.3%) interest in Mainstream Energy Solutions Limited, as further described in the Company's press release dated September 21, 2018 (the "Transaction"), Mr. Gueneau acquired ownership and control of 32,000,000 common shares (the "Shares") of the Company.
Sep 21, 2018 03:01 pm ET
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 Exchange (the "CSE") to list its common shares (the "REO Shares") for trading and has received approval from the TSX Venture Exchange (the "TSXV") to have the REO Shares de-listed, which became effective at the close of business on September 18, 2018. Completion of the Transaction was approved by consent of 18 large shareholders of Reservoir, representing 70.4% of the issued and outstanding REO Shares.
Aug 27, 2018 12:10 pm ET
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 Solutions Limited (the "Transaction"). Reservoir has received conditional approval of the Canadian Securities Exchange (the "CSE") to list its common shares for trading concurrently with closing the Transaction, and Reservoir intends to de-list from the TSX Venture Exchange (the "TSXV") prior to such listing, subject to receipt of necessary approvals.
Feb 06, 2018 12:14 pm ET
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 producing hydropower company and KPHL's sole investment. Reservoir's acquisition of this equity stake in KPHL will give it a toehold 1.3% economic interest in MESL. The proposed transaction is an Arm's Length Transaction and not a Related Party Transaction under the Exchange's policies.
Feb 05, 2018 01:28 pm ET
IIROC Trade Halt - Reservoir Capital Corp.
Vancouver, British Columbia--(Newsfile Corp. - February 5, 2018) - The following issues have been halted by IIROC:
Feb 05, 2018 12:34 pm ET
IIROC Trading Halt - REO
VANCOUVER, Feb. 5, 2018 /CNW/ - The following issues have been halted by IIROC:
Jan 18, 2018 08:30 am ET
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 focus on hydropower investment opportunities in frontier regions.
Dec 05, 2017 09:45 am ET
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 Group ($2,000), and Haywood Securities ($1,200).
Nov 14, 2017 02:03 pm ET
Acquisition of Further Shares of Reservoir Capital Corp.
Vancouver, British Columbia--(Newsfile Corp. - November 14, 2017) - I have acquired ownership of 4,400,000 common shares (representing 14.32% of the outstanding shares) of Reservoir Capital Corp. (TSXV: REO) of Vancouver, BC. The common shares were issued at a price of $0.05 per share in settlement of debt owed to me by Reservoir.
Nov 14, 2017 10:01 am ET
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, and it is subject to TSX Venture Exchange ("TSXV") approval. The Company intends to use the net proceeds of the Offering for general corporate and working capital purposes.
Jun 09, 2017 08:00 am ET
Reservoir Capital Announces Financing and Debt Restructuring
Reservoir Capital Corp. (TSX VENTURE: REO) ("Reservoir" or the "Company") is pleased to announce that it has entered into an unsecured loan agreement (the "Loan Agreement") to borrow a total of $200,000 (the "Loan"). The Loan will mature and be repayable in full without interest six (6) months from the date of the Loan Agreement and is convertible at the Company's discretion into units at a conversion price of 20 units per borrowed dollar. Each unit shall consist of one common share and one common share purchase warrant (a "Warrant"). Each
Jun 09, 2017 07:58 am ET
Reservoir Capital Announces Financing and Debt Restructuring
Reservoir Capital Corp. (TSX VENTURE:REO) ("Reservoir" or the "Company") is pleased to announce that it has entered into an unsecured loan agreement (the "Loan Agreement") to borrow a total of $200,000 (the "Loan"). The Loan will mature and be...
Sep 28, 2016 06:16 pm ET
Reservoir Capital MCTO Lifted
Reservoir Capital Corp. ("Reservoir" or the "Company") (TSX VENTURE:REO)(FRANKFURT:ROC)(BERLIN:ROC) announced today that the Management Cease Trade Order ("MCTO") imposed by the British Columbia Securities Commission ("BCSC") has been lifted....
Sep 28, 2016 06:16 pm ET
Reservoir Capital MCTO Lifted
Reservoir Capital Corp. ("Reservoir" or the "Company") (TSX VENTURE: REO)(FRANKFURT: ROC)(BERLIN: ROC) announced today that the Management Cease Trade Order ("MCTO") imposed by the British Columbia Securities Commission ("BCSC") has been lifted. With this resolution of the MCTO, members of management are no longer precluded from trading the Company's common shares.
Sep 13, 2016 04:49 pm ET
Reservoir Capital Provides Update on MCTO
Reservoir Capital Corp. (TSX VENTURE:REO)(FRANKFURT:ROC)(BERLIN:ROC) ("Reservoir" or the "Company") would like to take this opportunity to remind shareholders of the granting of a Management Cease Trade Order ("MCTO") previously announced on August...
Sep 13, 2016 04:49 pm ET
Reservoir Capital Provides Update on MCTO
Reservoir Capital Corp. (TSX VENTURE: REO)(FRANKFURT: ROC)(BERLIN: ROC) ("Reservoir" or the "Company") would like to take this opportunity to remind shareholders of the granting of a Management Cease Trade Order ("MCTO") previously announced on August 30, 2016, such MCTO being a result of the Company having exceeded the timing for filing its year-end audited financial statements and accompanying Management Discussion and Analysis (collectively, the "2016 Annual Financial Statements"), such default of which were due to have been completed and filed on
Aug 30, 2016 06:55 pm ET
Reservoir Capital - Announcement of Management Cease Trade Order and Management Changes
Reservoir Capital Corp. (TSX VENTURE:REO) ("Reservoir" or the "Company") advises that Lewis Reford, a Director of the Company, has been appointed Interim President and CEO, replacing Miljana Vidovic. Late Filing of Financial...
Aug 30, 2016 06:55 pm ET
Reservoir Capital - Announcement of Management Cease Trade Order and Management Changes
Reservoir Capital Corp. (TSX VENTURE: REO) ("Reservoir" or the "Company") advises that Lewis Reford, a Director of the Company, has been appointed Interim President and CEO, replacing Miljana Vidovic.
Mar 29, 2016 05:24 pm ET
A2A Letter of Intent for the Brodarevo Hydroelectric Projects in Serbia Expires
Reservoir Capital Corp., ("Reservoir" or the "Company") (TSX VENTURE: REO)(FRANKFURT: ROC)(BERLIN: ROC) reports the expiry of the Letter of Intent ("LOI") signed with A2A S.p.A. ("A2A") to complete exclusive negotiations and due diligence on the Company's Brodarevo hydroelectric power project ("HPP") in southern Serbia. The LOI was originally signed in October 2015 and then extended in December 2015, through until February 29, 2016.