Reservoir Capital grants 3.7 mln in incentive stock options
Canadian-based Reservoir Capital Corp, which is developing a 59.2 megawatt (MW) hydropower project in southwestern Serbia, said it has awarded to directors, officers, employees and consultants 3.66 million incentive stock options.
The options can be turned into stock at an exercise price of 0.3 Canadian dollars ($0.31/0.24 euro) apiece over the next five years, the company said in a statement on Tuesday.
Apart from the 59.2 MW hydro project in Brodarevo, Reservoir has also secured an exploration license for a 20 MW geothermal energy project in Serbia’s Vranjska Banja. Furthermore, the company has applied for three hydropower concessions with a total potential of 17.75 MW on Bosnia’s Cehotina river.