Mr. Lewis Reford reports
RESERVOIR CAPITAL CORP. ANNOUNCES FILING OF ANNUAL FINANCIAL STATEMENTS
Reservoir Capital Corp. has filed its annual financial statements for the fiscal year ended Dec. 31, 2019, related management's discussion and analysis, and officer certificates on SEDAR, as required by applicable Canadian securities laws. The company has worked closely with its auditor to overcome delays as a result of complexities caused by COVID-19 in Nigeria, Mauritius and Canada, and is now current on its continuous disclosure.
On June 11, 2020, the company announced that it would likely miss the filing deadline of June 15, 2020, to file its annual financial statements, related MD&A and the related officer certifications for the financial year ended Dec. 31, 2019. A management cease trade order (MCTO) was issued by the B.C. Securities Commission, effective as of June 17, 2020, in connection with the filing delay.
The company is providing this status update in accordance with National Policy 12-203 (Management Cease Trade Orders). The company confirms, as of the date of this news release, that there is no other material information concerning the affairs of the company that has not been generally disclosed. Upon the filing of the annual filings, the company believes that it has satisfied the conditions of the BCSC and the Ontario Securities Commission to have the MCTO lifted.
About Reservoir Capital Corp.
Reservoir's asset portfolio comprises minority indirect economic interests in clean power assets (currently four hydro power plants) representing 46.3 megawatts of net operating capacity.
Reservoir's vision and mission are to assemble a balanced portfolio of producing and near-production clean energy assets (with a current focus on hydro and geothermal) in growing economies (with a current focus on Africa).
We seek Safe Harbor.
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