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

Reservoir Capital Corp.

July 09, 2014 16:13 ET

Reservoir Capital Corp.: Completion of First Tranche of Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 9, 2014) -

NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES NOR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA

Reservoir Capital Corp. ("Reservoir" or the "Company") (TSX VENTURE:REO)(BERLIN:ROC)(FRANKFURT:ROC) is pleased to announce that it is has completed the first tranche of a non-brokered private placement financing (the "Private Placement") raising $499,939.95 by the issuance of 3,332,933 units at $0.15 per unit. Each unit was comprised of one common share (a "Share") and one non-transferable, common share purchase warrant (a "Warrant"). Each Warrant entitles the holder to purchase an additional Share at $0.20 until July 9, 2019. If, after four months from closing, the closing price of the Company's shares on the TSX Venture Exchange exceeds $0.30 for 30 consecutive trading days, the Company may, by notice given and news release issued within two trading days thereof, accelerate the expiry of the warrants to the 20th trading day after such 30 day period.

The Company paid finders' fees of 5% in respect of subscriptions from investors introduced by various finders. The fee was paid in cash ($10,002), or at the finder's election, through the issuance of that number of units equal to 5% of the number of units issued pursuant to such subscriptions (8,300 units). Insiders of the Company purchased 1,283,333 units and Pro Group members a further 516,000 units of the first tranche.

The Shares, and any Shares issued on the exercise of the Warrants, are subject to a restricted resale period under Canadian securities law and Exchange policy until November 10, 2014.

The proceeds of the offering will be used by Reservoir to support continued permitting work on its Brodarevo Hydroelectric Project in Serbia, for new business efforts and general corporate purposes.

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.

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