White River Energy Corp Announces Launch of White River Private Capital Management

White River Energy Corp (OTCQB: WTRV) (“White River Energy” or the “Company”), 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, announced that it has established White River Private Capital Management (“WRPCM”), a wholly owned subsidiary.

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White River Energy’s current business is focused on oil and gas exploration and production by drilling new wells and performing reentry and recompletion procedures on existing wells, primarily in the U.S. Gulf Coast Basin. With the launch of WRPCM, the Company is deploying a hybrid public/private business model where it will be 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. WRPCM’s first investor product is a $50,000,000 IDC limited partnership called White River Energy Partners I LP (“WR Fund I”). Any future products will be subject to regulatory compliance.

"We are excited to announce the launch of White River Private Capital Management. This venture signifies not only just an avenue for growth for our company, but a commitment to generating value in a non-dilutive manner for our common stockholders while providing the opportunity for tax optimization and investment returns for our private investor partners. Our drive has always been to innovate and adapt, and this new chapter will allow us to further solidify our promise to the market," stated Randy May, Chairman & CEO of White River Energy.

“We are not aware of any other public oil and gas exploration and production company who has deployed this unique public/private business model with its own structured financial product development and distribution team. Additionally, WRPCM has branded its logo without the pump jack in the corporate logo to give it the flexibility to structure product offerings in other sectors at a future date,” stated Jay Puchir, CFO of White River Energy and Fund Manager of WR Fund I.