Reservoir Capital Corp. announces Appointment of a New Director and Chair of Audit Committee
September 03 2019 - 5:07PM
Reservoir Capital Corp. (CSE: REO) ("REO") is pleased to announce
that Ms. Barakat Balmelli has agreed to join REO’s Board as an
independent director. She will also serve as Chair of REO’s
Audit Committee. Ms. Balmelli is an experienced finance
professional working primarily in the resource and energy sectors
and a Certified Public Accountant (CPA, US certification). She is a
Partner and co-founder of Sana Elias, Sarl, a Swiss-based advisory
firm focused on technology, finance, strategy and innovation. Prior
to joining Sana Elias, Barakat worked at global financial services
firms Morgan Stanley, Deutsche Bank and PricewaterhouseCoopers. She
has worked in North America, Asia, Europe and sub-Saharan Africa.
Mr. Lewis Reford, Chief Executive Officer,
stated "The alignment of the growing internationalization of REO’s
clean power portfolio with a Board that is equally experienced in
growing global economies is both good for REO’s governance and good
for our shareholders. Mr. Reford added, "With a global
investment banking and corporate consultancy background, Barakat
brings a tremendous resume to REO’s Board, and her audit experience
will facilitate the tasks of the Audit Committee.”
As a result of the new director appointment, the
composition of REO’s Board will return to five members.
About Reservoir Capital
Corp.
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 of taking carefully selected minority economic interests
in quality 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 further information,
contact:
Lewis RefordCEO, Reservoir Capital
Corp.Telephone: 416-399-2274Email: ceo@reservoircap.team
NEITHER THE CSE NOR THE INVESTMENT
INDUSTRY REGULATORY ORGANIZATION OF CANADA ACCEPTS RESPONSIBILITY
FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
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