Reservoir Acquires Remaining Land Rights for the Brodarevo-2 Dam Site
September 20 2011 - 6:30AM
Marketwired
Reservoir Capital Corp. ("Reservoir" or the "Company") (TSX
VENTURE: REO)(FRANKFURT: ROC)(BERLIN: ROC) is pleased to report
that it has completed options to purchase the remaining surface
rights required for the permitting and development of the
Brodarevo-2 Hydroelectric Project ("Project"). The new land
optioned covers approximately 0.45 hectares on the left bank of the
Lim River between the main road and the proposed construction site
of the dam and power plant. Together with the approximately 5.24
hectares of land rights acquired on the right bank (see Company
news release of June 13, 2011) the Company has now secured all the
rights that are needed to obtain the Location Permit for the
Project.
"Reservoir is coming to the end of the process of gathering all
the documentation needed for the Brodarevo-2 Location Permit,"
commented Miles Thompson, Chairman of the Company. "This would not
be possible without the good communication we have maintained with
the local communities and we remain very appreciative of the
support they have given us."
Please see our website: www.reservoircapitalcorp.com for maps of
the Brodarevo-2 site and the new rights acquired.
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 Reservoir Minerals Ltd. (see September
13, 2011 news release). 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 +1 416 703 0010 info@reservoircapitalcorp.com
www.reservoircapitalcorp.com
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