|By Marketwired .||
|August 18, 2014 05:44 PM EDT||
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 08/18/14 -- I have acquired ownership of 350,000 common shares (representing 2.95% of the outstanding shares) and warrants to purchase an additional 350,000 common shares of Reservoir Capital Corp. (TSX VENTURE: REO) of Vancouver, BC pursuant to Reservoir's private placement at a price of $0.15 per unit (each unit consisting of one common share and one warrant to purchase a further common share) completed earlier this month.
I now have ownership of 935,583 common shares (representing 7.88% of Reservoir's outstanding common shares), warrants to purchase an additional 705,000 common shares and options to purchase an additional 5,250 common shares. If the warrants and options were exercised, I would have ownership of 1,645,833 common shares (representing 13.08% of the outstanding shares of Reservoir).
The shares and warrants were acquired for investment purposes under the exemption set out in section 2.5 of National Instrument 45-106 Prospectus and Registration Exemptions of the Canadian Securities Administrators for directors and officers of an issuer. Presently, I do not have any intention of acquiring any further securities of Reservoir but may acquire ownership of or control over further securities in the future depending upon market circumstances.
I have filed an Early Warning Report with the British Columbia, Alberta and Ontario Securities Commissions in respect of the acquisition. Copies of the Report may be obtained from SEDAR (www.sedar.com) or without charge from Reservoir or me.
Christopher R. MacIntyre
Suite 414, Richmond Tower
100 Richmond St. West
Toronto, Ontario M5H 3K6
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