Tuesday News: New Appointments and the Granting ofMarch 9, 2010
www.reservoircapitalcorp.com
Re: News - Tuesday, March 09, 2010
New Appointments and the Granting of Incentive Stock Options
=======================================================================
Vancouver, B.C -- Reservoir Capital Corp. (the "Company" or
"Reservoir") (TSX.V: REO) 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
.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").
-30-
For further information on Reservoir Capital Corp. please consult the
Company's website www.reservoircapital.ca or contact Miljana Vidovic,
President; Miles Thompson, Chairman; or Kim Casswell, Corporate
Secretary, at +1 (604) 662-8448.
Investor Relations
Vancouver: Julia Maxwell, +1 (604) 662-8448
Toronto: Chris MacIntyre, +1 (416) 346-7660
Neither the TSX Venture Exchange nor the Investment Industry Regulatory
Organization of Canada accepts responsibility for the adequacy or
accuracy of this release.
Associated File:
https://www.reservoircapitalcorp.com/i/pdf/REO_NR_March9.pdf
269 KB in size, approx. 51 seconds to download at 56.6Kbps
=======================================================================
Copyright (c) 2010 RESERVOIR CAPITAL CORP. (REO) All rights reserved.
For more information visit our website at
https://www.reservoircapitalcorp.com/ or send
mailto:info@reservoircapitalcorp.com
=======================================================================