|By Marketwired .||
|March 13, 2014 07:30 AM EDT|
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 03/13/14 -- Reservoir Capital Corp. ("Reservoir" or the "Company") (TSX VENTURE:REO)(FRANKFURT:ROC)(BERLIN:ROC) announces that the date for the consolidation of its common shares on the basis of one (1) "new" common share for twenty (20) "old" common shares has been set. Effective March 14, 2014, the common shares of the Company will commence trading on the TSX Venture Exchange on a consolidated basis under the same stock symbol "REO". The new CUSIP number and ISIN are 761125202 and CA7611252023.
No fractional shares will be issued under the share consolidation. Instead, all fractional shares resulting from the consolidation of less than one-half will be rounded down to the nearest whole number and of one-half or greater will be rounded up to the nearest whole number.
Letters of transmittal describing the process by which shareholders may obtain new certificates representing their consolidated common shares will be mailed shortly to registered shareholders. Shareholders holding their shares through a broker or other intermediary and do not have shares registered in their name will not be required to complete a letter of transmittal.
Following consolidation and subject to rounding, the Company will have 4,218,087 issued and outstanding common shares. All outstanding incentive stock options and share purchase warrants will be adjusted accordingly to reflect the share consolidation.
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").
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.
Reservoir Capital Corp.
VP Corporate Development
+1 416 703 0010