Pursuant to the Transaction, in consideration for 3,000,000 shares of OLOCORP (the "OLOCORP Shares"), the Company (i) issued 35,000,000 common shares in the capital of REO (the "REO Shares") to the designated beneficiaries of OLOCORP (the "New Shareholders") at a deemed price of
As a result of the Transaction, the Company indirectly acquired a just below 1% economic interest in
Following the Transaction, REO will have 527,347,377 REO Shares outstanding. The REO Shares issued to the New Shareholders under the Transaction are subject to a minimum four-month hold period and restrictions on transfer under Canadian securities law.
About
NSP is the concessionaire and operator of 630MW of operating hydro capacity, comprising the 600MW Shiroro hydro power plant on the
About
OLOCORP is a limited liability company registered in
About
REO’s asset portfolio comprises minority indirect economic interests in clean power assets (currently 4 hydro power plants) representing 42.7 MW net operating capacity.
REO’s latest 9 months Financial Statement (ended
REO’s Vision & Mission is to assemble a balanced portfolio of producing and near-production clean energy assets in growing economies.
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.
Further Information
For more information on the Company, please visit www.reservoircapitalcorp.com. Investors are cautioned that trading in the securities of REO should be considered highly speculative. Additional information on these and other factors that could affect the operations or financial results of REO are included in REO's CSE Listing Statement and most recently filed quarterly report, each of which is filed with applicable Canadian securities regulators and may be accessed through the SEDAR website (www.sedar.com). The CSE have neither approved nor disapproved the contents of this news release.
For any clarification, one may contact:
CEO,
Telephone: 416-399-2274
Email: ceo@reservoircap.team
NEITHER THE CSE NOR THE INVESTMENT INDUSTRY REGULATORY ORGANIZATION OF
Source:
2019 GlobeNewswire, Inc., source