Reservoir Appoints Serbian Advisor
June 06 2011 - 7:00AM
Marketwired
Reservoir Capital Corp. ("Reservoir" or the "Company") (TSX
VENTURE: REO)(FRANKFURT: ROC)(BERLIN: ROC) is pleased to announce
that it has appointed Dr. Milan Parivodic, of Belgrade-based
Foreign Investors d.o.o. ("Forinvest"), as an Advisor to the
Company. Dr. Parivodic and Forinvest will be acting as advisor to
Reservoir in negotiations with the Serbian Government and other
aspects of land acquisitions and permitting for development of the
Brodarevo Hydroelectric Projects.
Dr. Parivodic is the Chairman of Forinvest, in addition to being
a Director of Vojvodanska Bank, a Member of the Council for the EU
Integration of the Government of Serbia and Associate Professor of
Commercial Contracts and International Trade Law at the Faculty of
Law of the Union University in Belgrade. Previously Dr. Parivodic
was Minister of International Economic Relations of the Government
of Serbia (October 2004 to May 2007), focused on fundamental
reforms in the fields perceived as principle obstacles for the
economic progress in Serbia.
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 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 that, subject to approvals, are to be spun-out into a
separately listed company via dividend (see March 25, 2011 Press
Release "Reservoir Capital Announces Spin-Out of Mineral
Exploration Assets"). Reservoir's common shares trade on the TSX
Venture Exchange (symbol "REO") and on the Frankfurt and Berlin
Exchanges (symbol "ROC").
Neither the TSX Venture Exchange nor the Investment Industry
Regulatory Organization of Canada accepts responsibility for the
adequacy or accuracy of this release.
Contacts: Reservoir Capital Corp. Chris MacIntyre VP Corporate
Development +381 (11) 397 8453 or +1 416 703 0010
info@reservoircapitalcorp.com www.reservoircapitalcorp.com
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