About KPHL
KPHL is a single-purpose entity, 100% owned by REO since
- a minority interest in MESL, the concessionaire of two leading Nigerian hydro power plants located at Kainji and Jebba on the
Niger River with a combined operating capacity of 922MW; and - a majority interest in
Olocorp Nig Ltd which itself holds a minority interest inNorth South Power Company Ltd (“NSP”), the concessionaire of two important Nigerian hydro power plants located at Shiroro and Gurara, both on theKaduna River , with a combined operating capacity of 630MW.
Since REO made its first investment in KPHL in
US$219,638 from MESL interim dividend declared inDecember 2018 US$332,626 from MESL interim dividend declared inMarch 2019 US$441,964 from MESL interim dividend declared inJuly 2019 US$420,000 from MESL interim dividend declared inDecember 2019
About
REO’s current asset portfolio comprises minority indirect economic interests in clean power assets (currently 4 hydro power plants) representing 42.7 MW of net operating capacity. The Company currently has 529,347,377 shares outstanding following its most recent Olocorp acquisition (see other News Release dated
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