White River Energy Corp Announces Leadership Appointments for White River Private Capital Management

Rhea-AI Summary

White River Energy Corp announces key leadership appointments for its subsidiary, White River Private Capital Management. Colin Cosgrove becomes President & CEO, and Zack Holley becomes EVP & Chief Distribution Officer.

Positive

• Colin Cosgrove and Zack Holley's appointments position White River Private Capital Management for expansion and investment success in the oil and gas exploration sector.

Negative

• None.

FAYETTEVILLE, Ark.--(BUSINESS WIRE)-- White River Private Capital Management (“WRPCM”), a wholly owned subsidiary of White River Energy Corp (OTCQB: WTRV) (“White River Energy” or the “Company”), a vertically integrated oil and gas exploration company, announced key leadership appointments for WRPCM, including Colin Cosgrove as President & Chief Executive Officer, and Zack Holley as EVP & Chief Distribution Officer. Mr. Cosgrove and Mr. Holley’s biographies are listed on the WRPCM website for reference purposes: https://wrprivatecapital.com/team/

Management Commentary

"With the appointments of Colin and Zack, White River Private Capital Management is well-positioned to expand its reach and drive investment success," stated Mr. Randy May, Chairman & Chief Executive Officer of White River Energy Corp. "Their leadership reinforces our commitment to excellence and growth and will help to ensure that our investors receive the highest level of expertise and opportunities in the oil and gas exploration sector. We look forward to their deep experience and strategic vision driving WRPCM’s success and contributing to the overall success of White River Energy."

"We are thrilled to lead White River Private Capital Management and drive its strategic vision within the oil and gas industry,” said Mr. Colin Cosgrove, President & CEO of WRPCM. “Zack and I have a proven track record of building out sales and distribution teams focused on private products for broker-dealers and registered investment advisors. We feel that WRPCM is a career-defining opportunity for us to partner with Randy May and his team to take this public company to the next level. Our focus is on creating unparalleled investment opportunities while maintaining a commitment to risk management and sustainable growth.”

"I am honored to join WRPCM and look forward to executing on our goal of connecting financial advisors and their investors with innovative investment solutions by leveraging our expertise and industry relationships," added Mr. Zack Holley, EVP & Chief Distribution Officer of White River Private Capital Management. "The traditional oil and gas investment sector has seen little innovation for decades. Through our unique features and tax-focused investment structure, WRPCM products seek to modernize the investment experience to meet the demands of today’s investor."

About White River Private Capital Management

White River Private Capital Management is a structured financial product development and distribution company focused on offering various tax-advantaged products such as intangible drilling cost deduction (“IDC”) funds, 1031 exchange funds, and insurance designated funds in the oil and gas industry via a limited partnership model.

About White River Energy Corp

White River Energy Corp is a vertically integrated energy company with oil and gas exploration, production, and drilling operations on approximately 34,000 cumulative acres of oil and gas mineral leases in Louisiana and Mississippi.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231009922467/en/

IR@white-river.com

1-800-203-5610

Source: White River Energy Corp

FAQ

Who are the new leadership appointments at White River Private Capital Management?

Colin Cosgrove as President & CEO and Zack Holley as EVP & Chief Distribution Officer.

What is the goal of White River Private Capital Management?

To connect financial advisors and investors with innovative investment solutions in the oil and gas industry.

What is the focus of WRPCM products?

To modernize the investment experience in the oil and gas sector and meet the demands of today's investor.

What is the stock symbol for White River Energy Corp?

OTCQB: WTRV.