Reservoir Capital Corp.
TSX VENTURE : REO
FRANKFURT : ROC
BERLIN : ROC

Reservoir Capital Corp.

March 09, 2010 17:59 ET

Reservoir Capital Corp.: New Appointments and the Granting of Incentive Stock Options

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 9, 2010) - Reservoir Capital Corp. (the "Company" or "Reservoir") (TSX VENTURE:REO)(FRANKFURT:ROC)(BERLIN:ROC) is pleased to announce the appointment of Winston Bennett to its Board of Directors, and Milan Cusic to the role of Deputy Director of its Serbian subsidiary Renewable Energy Ventures D.o.o.

Mr. Bennett is the Vice-President and Director of Helios Energy Inc. ("Helios"), a developer of large-scale solar energy systems based in Toronto. His primary responsibilities at Helios include corporate and project finance and strategic development. Prior to joining the management and ownership team at Helios, Mr. Bennett was the Vice-President Banking at one of Canada's leading independent investment dealers. In this role, Mr. Bennett was involved in public and private equity transactions, structuring corporate and project debt offerings and negotiating mergers and acquisitions. Mr. Bennett holds an Honours Business Administration degree from the Richard Ivey School of Business at the University of Western Ontario and is a CFA charter holder.

Mr. Cusic joins the Company from Serbia's State-owned utility Elektroprivreda Srpska ("EPS"), where he was Chief Hydro Engineer, responsible for EPS strategy on hydropower and renewable energy development, revitalization of existing hydropower facilities and construction of new hydropower projects. Mr. Cusic holds a Masters degree in Mechanical Engineering from the University of Belgrade.

Reservoir also announces the resignation of Mr. Nenad Radoja as Vice President of the Company. The Company wishes Mr. Radoja well with his future endeavors.

Incentive Stock Options

The Company announces that pursuant to its Stock Option Plan, 1,075,000 incentive stock options exercisable at a price of $0.81 per share for a period of up to five years have been granted to certain officers, directors, employees and consultants of the Company.

About Reservoir

Reservoir is a renewable energy company, engaged in development of a 55MW hydroelectric project at Brodarevo in southwest Serbia. The Company has applied for a 32MW license at Vrutci, holds four geothermal exploration licenses and is studying various other hydroelectric and geothermal opportunities in the region. Reservoir also holds a substantial portfolio of precious and base metal exploration projects, which it is looking to divest. 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.

Contact Information

  • Reservoir Capital Corp.
    Miljana Vidovic
    President
    +1 (604) 662-8448
    or
    Reservoir Capital Corp.
    Miles Thompson
    Chairman
    +1 (604) 662-8448
    or
    Reservoir Capital Corp.
    Kim Casswell
    Corporate Secretary
    +1 (604) 662-8448
    or
    Reservoir Capital Corp.
    Julia Maxwell
    Investor Relations - Vancouver
    +1 (604) 662-8448
    +1 (604) 688-1157 (FAX)
    info@reservoircapitalcorp.com
    www.reservoircapitalcorp.com
    or
    Reservoir Capital Corp.
    Chris MacIntyre
    Investor Relations - Toronto
    +1 (4160 346-7660