News Column

Reservoir Capital Corp.: Brodarevo Project Included in the Strategic Economic Cooperation Arrangement Between the Canadian Commercial Corporation and the Government of the Republic of Serbia

Dec 11 2012 12:00AM

Marketwire

LogoTracker

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 12/11/12 -- Reservoir Capital Corp. ("Reservoir" or the "Company") (TSX VENTURE: REO)(BERLIN: ROC)(FRANKFURT: ROC) 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 Corporation ("CCC"), a Crown corporation of the Government of Canada, and the government of the Republic of Serbia, to consider collaborative opportunities relating to the Brodarevo projects and to facilitate their rapid implementation.

The agreement was formally signed by Mr. Marc Whittingham the President and Chief Executive officer of CCC and Mr. Aleksandar Vucic, Serbia's First Deputy Prime Minister, in a ceremony held at the offices of the offices of Export Development Canada in Halifax Nova Scotia, on November 15th, 2012.

About Reservoir

Reservoir is a renewable energy company that is engaged in the development of a 59.1 MW hydroelectric project at Brodarevo in southwest Serbia. Reservoir holds four geothermal exploration licenses in Serbia and has applied 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.

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



Contacts:
Reservoir Capital Corp.
Chris MacIntyre
VP Corporate Development
+1 416 703 0010
info@reservoircapitalcorp.com
www.reservoircapitalcorp.com





Source: Marketwire


Story Tools