News

Reservoir adds capital for HPP Brodarevo

Published

November 6, 2015

Comments

comments icon

0

Share

Published:

November 6, 2015

Comments:

comments icon

0

Share

A non-brokered private placement financing of CAD 1 million (EUR 700,000) was completed by Reservoir Capital Corp. The company said EUR 0.35 units are comprised of one common share and one half of one share purchase warrant. Each entitles the holder to purchase one common share for EUR 0.53 for a period of five years, the release adds. If, after four months from closing, the closing price on the TSX Venture Exchange in Canada exceeds EUR 0.63 for a period of 30 consecutive trading days, the company may, by notice and news release within two trading days, accelerate the expiry of the warrants to the 20th trading day after such 30-day period, the statement said.

The company said it paid finders’ fees of 5% in respect of subscriptions from introduced investors, the press release on Reservoir’s website said. Pro Group members purchased 150,000 units, the company stated. The shares, and any shares issued on the exercise of the warrants, are subject to a restricted resale period under Canadian securities law and exchange policy until March 7, 2016. The proceeds will be used to support permitting work on Brodarevo hydroelectric project in Serbia and for general corporate purposes, the company said. 

Related Articles

Montenegro determines quota maximum price for solar power auction

Montenegro determines quota, maximum price for solar power auction

06 July 2025 - The participants in the forthcoming auction for solar power projects in Montenegro will bid for state support for a total of 250 MW

Open call for green hydrogen combined heat and power pilot project in Western Macedonia

Open call for green hydrogen high-efficiency CHP pilot plant in northern Greece

04 July 2025 - The Greek government has opened a call for a pilot CHP unit in Western Macedonia that would run on green hydrogen

Foreign renewable energy investors remain committed to Romania as large plants coming online

Foreign renewable energy investors remain committed to Romania as large plants coming online

04 July 2025 - Renewable energy companies from abroad aren't intimidated by negative power prices in Romania, especially with the BESS segment accelerating

projects euros modernisation fund celan energy

EU’s Modernisation Fund disburses EUR 3.66 billion for clean energy projects in nine countries

04 July 2025 - Focusing on renewables, grids, storage, and energy efficiency, the funds will support projects in Croatia, Slovenia, Greece, and Romania.