Reservoir Capital Corp. Targeting Hydroelectric Projects in Montenegro
29.02.2012 | Marketwire
VANCOUVER, BRITISH COLUMBIA -- (Marketwire - Feb. 29, 2012) - Reservoir Capital Corp. (TSX VENTURE: REO) (FRANKFURT: ROC) (BERLIN: ROC) ("Reservoir" or the "Company") is pleased to announce that it has established an office and contracted advisors to investigate potential hydroelectric development sites in Montenegro, focusing particularly on the River Lim, just across the border from the Company's Brodarevo Projects in Serbia.The office was formally opened by the Canadian Ambassador to Serbia, Montenegro and Macedonia, Mr. Roman Waschuk, who also presented the Company to the Ministry of Sustainable Development and Tourism.
Miljana Vidovic, President and CEO of Reservoir, commented: "We are grateful for the continued support of the Canadian Embassy and very pleased to be extending our new business efforts in the region to complement our existing base in Serbia and Bosnia. Montenegro is a very mountainous country with a lot of undeveloped hydroelectric potential and has recently established a new legal framework for renewable energy to European Union standards."
About Reservoir
Reservoir is a renewable energy company that is engaged in the development of a 58.4 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.
Contact Information
Reservoir Capital Corp.
Chris MacIntyre
VP Corporate Development
+1 416 703 0010
info@reservoircapitalcorp.com
www.reservoircapitalcorp.com