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Reservoir Capital Corp (REO.V)

REO.V on TSX Venture Exchange

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21 Sep 2017
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Latest Key Developments (Source: Significant Developments)

Reservoir Capital announces financing and debt restructuring
Friday, 9 Jun 2017 08:00am EDT 

June 9 (Reuters) - Reservoir Capital Corp :Reservoir Capital announces financing and debt restructuring.Reservoir Capital Corp - ‍ has entered into an unsecured loan agreement to borrow a total of $200,000​.Reservoir Capital-agreed with majority of creditors to convert about $530,000 in outstanding debt to about 10.6 million shares of co at deemed price $0.05/share​.Reservoir Capital Corp says loan will mature and be repayable in full without interest six months from date of loan agreement.Reservoir Capital Corp - ‍ As a result,Miles Thompson, director of co, to beneficially own about 19.9 percent of issued, outstanding common shares of company​.Reservoir Capital Corp - ‍ As a result, Seabord Services Corp to beneficially own and control about 18.15 percent of issued, outstanding common shares of co​.Reservoir Capital Corp - ‍ shares for debt transaction was approved unanimously by all non-interested directors of company​.  Full Article

Reservoir Capital Corp announces completion of private placement
Friday, 6 Nov 2015 03:52pm EST 

Reservoir Capital Corp:It is has completed a non-brokered private placement financing raising $1,000,000 by the issuance of 2,000,000 units at $0.50 per unit.Each unit is comprised of one common share in the capital of the Company and one-half of one common share purchase warrant.Each whole warrant entitles the holder to purchase one Common Share at a price of $0.75 per share for a period of five years.Proceeds of offering will be used by Reservoir to support continued permitting work on its Brodarevo Hydroelectric Project in Serbia and for general corporate purposes.  Full Article

Reservoir to raise up to $1 million by private placement
Tuesday, 13 Oct 2015 04:40pm EDT 

Reservoir Capital Corp :To raise up to $1 million by private placement.Intends to undertake a private placement to raise $1 million through the issue of 2 million units at $0.50 per unit.Proceeds of offering will be used by co to support continued permitting work on brodarevo hydroelectric project in Serbia.  Full Article

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