Reservoir Capital Corp. entered into an agreement to acquire remaining 5% stake in Kainji Power Holding Limited from Vincent Gueneau for $1.2 million.

Reservoir Capital Corp. (CNSX:REO) entered into an agreement to acquire remaining 5% stake in Kainji Power Holding Limited from Vincent Gueneau for $1.2 million on October 7, 2019. Under the Buyout Agreement, REO will pay Mr. Gueneau a consideration of approximately $1.2 million comprising a mix of 50% cash in instalments and 50% REO common shares, representing 13.3 million shares to be issued. The Transaction is expected to close within 21 days of the date hereof.