Reservoir Capital Corp. to Consolidate its Common Shares

VANCOUVER, British Columbia, Aug. 13, 2020 (GLOBE NEWSWIRE) -- (CSE: REO) - Reservoir Capital Corp. (CSE: REO) ("REO" or the "Company") announces that effective at the opening of markets on August 18, 2020, the Company has consolidated its outstanding common shares (the “Shares”) on the basis of one (1) post‐consolidated Share for every one hundred (100) pre‐consolidated Shares held (the "Consolidation"). The new CUSIP number will be 761125301 and the new ISIN number will be CA7611253013. The Company's name and stock symbol will remain unchanged following the Consolidation.

The Consolidation was approved by the shareholders of the Company at the Company’s recent annual general meeting held on July 28, 2020 and passed by the Company’s board of directors effective August 12, 2020. No fractional Shares will be issued under the Consolidation as fractional Shares will be rounded to the nearest whole number. The Company currently has 575,347,377 Shares issued and outstanding and immediately following the Consolidation will have approximately 5,753,474 Shares issued and outstanding.

Letters of transmittal with respect to the Consolidation will be mailed shortly to all registered shareholders of the Company (the “Shareholders”). All Shareholders who submit a duly completed letter of transmittal along with their respective share certificate(s) representing the pre-consolidated Shares to the Company's transfer agent, Computershare Investor Services Inc., will receive a certificate representing the post-consolidated Shares.

About Reservoir Capital Corp.

REO’s asset portfolio comprises minority indirect economic interests in clean power assets (currently 4 hydro power plants) representing 46.3MW of net operating capacity.

REO’s 2019 Financial Statement (year ended Dec. 31, 2019) shows dividend income from the Company’s investments of $1,756,152 and net income of $380,729 during the twelve-month period.

REO’s Vision & Mission is to assemble a balanced portfolio of producing and near-production clean energy assets (with a current focus on Hydro & Geothermal) in growing economies (with a current focus on Africa).

REO’s strategy to achieve its Vision is to approach shareholders of privately held quality assets and offer them diversification, liquidity and exposure to a growing portfolio assembled following a disciplined investment policy.

REO’s investment policy consists essentially in taking carefully selected minority economic interests in quality clean power assets in key geographies, targeting regular dividend income over long periods, while offering the potential for capital gain in the medium term.