REV

Reservoir Capital Corp. (TSX VENTURE:REO)(FRANKFURT:ROC)(BERLIN:ROC)
("Reservoir" or the "Company") is pleased to report that its wholly-owned
subsidiary REV d.o.o. ("REV"), has been granted one-year extensions for its
Brodarevo-1 and Brodarevo-2 Energy Licenses through January 28, 2012. The
Company is developing run-of-river hydroelectric projects with a combined 58.4
megawatts of power generating capacity at Brodarevo, on the River Lim in
Southwest Serbia. The extensions, granted by the Serbian Ministry of Mines and
Energy, give the Company time to complete the remaining studies and file
applications for the building permits to begin construction of the projects.


Miljana Vidovic, President and CEO of Reservoir commented, "We are very grateful
for the continued support and encouragement the Company has received from the
Serbian Government and the Ministry of Mining and Energy, to build a privately
owned and funded renewable energy business in the country."


Over 30% of Serbia's current power generating capacity is hydroelectric, most of
which is run-of-river.


About Reservoir

Reservoir is a renewable energy company, focused on development of the 58.4 MW
Brodarevo hydroelectric projects in southwest Serbia. Reservoir has a further
four geothermal exploration licenses in Serbia and has applied for three
hydroelectric licenses on the Cehotina River in Bosnia (17.75 MW) and one to
develop a 32 MW project from an existing reservoir dam at Vrutci in Serbia. The
Company also holds 8 precious and base metal exploration properties in Serbia.
Reservoir's common shares trade on the TSX Venture Exchange (symbol "REO") and
on the Frankfurt and Berlin Exchanges (symbol "ROC").

(TSXV:REV)
過去 株価チャート
から 5 2024 まで 6 2024

(TSXV:REV)
過去 株価チャート
から 6 2023 まで 6 2024