Lee P. Mann

November 09, 2015 14:40 ET

Acquisition of Further Shares & Warrants of Reservoir Capital Corp.

WOODVILLE, TEXAS--(Marketwired - Nov. 9, 2015) - I have acquired ownership of 260,000 common shares (representing 1.42% of the outstanding shares) and warrants to purchase an additional 130,000 common shares of Reservoir Capital Corp. (TSX VENTURE:REO) of Vancouver, BC pursuant to Reservoir's private placement at a price of $0.50 per unit (each unit consisting of one common share and one-half of a warrant to purchase a further common share).

I now have ownership of 1,538,750 common shares (representing 8.43% of Reservoir's outstanding common shares) and warrants to purchase an additional 505,000 common shares. If the warrants were exercised, I would have ownership of 2,043,750 common shares (representing 10.89% of the outstanding shares of Reservoir).

The shares and warrants were acquired for investment purposes under the exemption set out in section 2.3 [Accredited Investors] of National Instrument 45-106 Prospectus Exemptions of the Canadian Securities Administrators. Presently, I do not have any intention of acquiring any further securities of Reservoir but may acquire ownership of or control over further securities in the future depending upon market circumstances.

I have filed an Early Warning Report with the British Columbia, Alberta and Ontario Securities Commissions in respect of the acquisition. Copies of the Report may be obtained from SEDAR (www.sedar.com) or without charge from Reservoir or me.

Contact Information

  • Lee P. Mann
    409-283-8286