VANCOUVER, British Columbia, Feb. 05, 2021 (GLOBE NEWSWIRE) — (CSE: REO) – Reservoir Capital Corp. (CSE: REO) (“REO” or the “Company“) announces that an offshore subsidiary of the Company, Kainji Power Holdings Limited (“KPHL”), was informed recently of a lawsuit filed in Nigeria against the Company, its subsidiaries and Executive Chairman, by shareholder Mr. M.S. Bello. In May 2019, Mr. Bello, a Nigerian Citizen, acquired approximately 7% of the Company’s then outstanding shares as consideration for the Company indirectly acquiring 3.5 million shares of Nigerian hydro company Mainstream Energy Solutions Ltd (“MESL”) from Mr. Bello pursuant to a Share Exchange Agreement dated April 25, 2019 (see the news release filed on the Company’s SEDAR profile on May 7, 2019 for further details) (the “Transaction“). Mr. Bello is seeking a reversal of the Transaction and outright return of the 3.5 million MESL shares (out of REO’s total holding of approximately 20 million MESL shares). Read More