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REO Reservoir Capital Corp. (delisted)

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Delayed by 15 minutes
Share Name Share Symbol Market Type
Reservoir Capital Corp. (delisted) TSXV:REO TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Reservoir Granted Planning Permission for its Brodarevo Hydroelectric Project in Serbia

15/05/2012 12:00pm

Marketwired Canada


Reservoir Capital Corp. (TSX VENTURE:REO)(FRANKFURT:ROC)(BERLIN:ROC)
("Reservoir" or the "Company") is pleased to report that the Government of the
Republic of Serbia has published its approval of the Spatial Plan for Special
Purposes, covering the Company's Brodarevo 1 and 2 hydroelectric projects and
related infrastructure on the River Lim in southwest Serbia.


Miljana Vidovic, President and CEO of Reservoir, commented: "This is an
important step for the Company and we are very pleased to have had our designs
for the Brodarevo Projects approved both locally and by the Serbian government."


The Spatial Plan for Special Purposes includes: the dams and power plants for
Brodarevo 1 and Brodarevo 2; two new sections of the road between Mijoska and
the Montenegro border (total length 7.5 km); new 110 kV power line from
Brodarevo to Sjenica (total length 20 km), was processed by the Republic Agency
for Spatial Planning in Belgrade in cooperation with the Directorate of Urban
Planning in Kragujevac, then delivered to the Commission of the Ministry of
Spatial Planning.


The Commission of the Ministry of Spatial Planning approved the documents and
submitted them to the local governments of Prijepolje and Sjenica, where there
was a 30-day period of public scrutiny from (December 29, 2011 to January 27,
2012), including a presentation to the public that was held on January 18, 2012.
The Commission sat again on February 3, 2012 to review results of the local
government and public scrutiny, before submitting the plan to the government for
the final approval that has now been granted.


About Reservoir

Reservoir is a renewable energy company that is engaged in the development of a
58.4 MW hydroelectric project at Brodarevo in southwest Serbia. Reservoir holds
four geothermal exploration licenses in Serbia and is applying 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.


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