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REO Reservoir Capital Corp. (delisted)

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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 Receives Approval to Settle Insider Debts

02/07/2014 9:15pm

Marketwired Canada


Reservoir Capital Corp. ("Reservoir" or the "Company") (TSX
VENTURE:REO)(FRANKFURT:ROC)(BERLIN:ROC) 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 current consulting agreements and settling the
indebtedness as of May 30, 2014, in consideration of success-based payments
totaling $225,000 and share issuances totaling 700,000 shares at $0.15 each. All
three have agreed with the Company to remain in their current positions. The
Company also agreed to settle outstanding indebtedness owed as of May 30, 2014
to a company owned by a Director, which provides administrative services to it
in consideration of a success-based payment of $50,000 and issuance of 233,333
shares at $0.15 each. 


About Reservoir

Reservoir is a renewable energy company engaged in the development of a 59.1 MW
hydroelectric project at Brodarevo on the River Lim, the Vranjska Banja
geothermal project, both in southern Serbia, and the 17.76 MW Cehotina
hydroelectric projects in Bosnia. Reservoir's common shares trade on the TSX
Venture Exchange (symbol "REO") and on the Frankfurt and Berlin Exchanges
(symbol "ROC").


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


FOR FURTHER INFORMATION PLEASE CONTACT: 
Reservoir Capital Corp.
Chris MacIntyre
VP Corporate Development
+1 416 703 0010
info@reservoircapitalcorp.com
www.reservoircapitalcorp.com

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