Trading Markets, CA
Reservoir Announces Additions to Board
Friday, September 21, 2007; Posted: 10:46 AM
VANCOUVER, BRITISH COLUMBIA, Sep 21, 2007 (CCNMatthews via COMTEX) —
RSERF | charts | news | PowerRating — Reservoir Capital
Corp. ("Reservoir" or "the Company") (TSX VENTURE:REO) is pleased to
announce the election of Mr. Dale Peniuk, C.A. and Dr. Simon Ingram as
Directors of the Company at the Company’s Annual and Special Meeting
of Shareholders today (the "Meeting").
Since early 2006, Mr. Peniuk has been providing financial consulting
services to a number of mining companies and currently serves on the
Board and as Audit Committee Chair of Lundin Mining Corporation (TSX
and NYSE), Corriente Resources Inc. (TSX and AMEX) and Rainy River
Resources Ltd. (TSXV) and on the Board and Audit Committee of Quest
Capital Corp. (TSX and AMEX). Until February 2006, Mr. Peniuk was an
assurance partner with KPMG’s Vancouver office specializing in the
mining area and the leader of KPMG’s Vancouver office mining industry
group. In addition to his mining industry and auditing background,
Mr. Peniuk has extensive experience in assisting Canadian and foreign
companies to register their securities in Canada, United States and
elsewhere and has been actively involved in the corporate finance area
for his clients, including assistance with financings, due diligence
on potential merger and acquisition opportunities and divestiture
transactions.
Dr. Ingram holds a B.Sc. (Hon) and Ph.D in Mineral Resource Evaluation
from Cardiff University. He is the founder and principal of Ankobra
Resource Services Ltd., through which he provides technical and
managerial expertise to exploration and mining companies world-wide,
throughout the project cycle from early-stage exploration projects to
feasibility studies, mine start up and production. Recent projects
include project management for the start up of Sungun Copper Project
in Iran for Rio Tinto. Dr. Ingram consulted to the Deno Kapan
polymetallic mine in Armenia recalculating and upgrading resources and
reserves, and acted as a consultant to AIM-listed Cluff Gold. Other
clients have included Gold Fields Ltd., Anglo American plc, AUR
Resources, Crew Gold, Oxus Gold plc, MINMET plc and Normandy (Africa).
Reservoir also advises that Mr. K. Peter Miller declined to stand for
re-election as a Director of the Company at the Meeting. The Board
wishes to acknowledge Mr. Miller’s contribution to the growth and
development of Reservoir and express its thanks for his work on behalf
of the Company.
The Board of Reservoir comprises the following: Mr. Miles Thompson,
Mr. Michael Winn, Mr. Patrick Trustram-Eve, Mr. Dale Peniuk, and
Dr. Simon Ingram.
In addition, Reservoir announces the grant of 150,000 incentive stock
options exercisable at CDN$0.85 per share for a period of five years
to a Director of the Company.
About Reservoir
Reservoir is a natural resource company, currently exploring for gold
and base metals on six exploration properties in Serbia and actively
seeking new business opportunities through its in-country team of
geologists and business development specialists. Reservoir’s common
shares trade on the TSX Venture Exchange under the symbol "REO".
SOURCE: Reservoir Capital Corp.
Reservoir Capital Corp. Miljana Vidovic President (604) 662-8448
Reservoir Capital Corp. Miles Thompson Chairman (604) 662-8448
Reservoir Capital Corp. Kim Casswell Corporate Secretary (604)
662-8448 Website: