Investment Opportunity

White Capital Corporation is pleased to offer investors a private income trust based on oil production.

View the Offering Documents

Obtain tax efficient income from the direct ownership of oil production.

Income Investment Highlights

• Earn income from an asset-based energy fund.

• Petrocapita acquires cash-flow positive oil assets to provide income and profit participation
• Petrocapita does not engage in pure exploration.
• Trust Units
• Eligible for Registered Accounts
• Suitable for investors seeking income
• Income paid quarterly
• Fixed income of 10.25%
• Up to an additional 1.75% profit participation
• No management fees
• Accedited Investors in Ontario - in BC, and AB up to $10,000 all investors may participate, above $10,000 must be an Eligible Investor

PetroCapita

Petrocapita is an Alberta team of professional fund managers and acquisition specialists who acquire assets from junior oil and gas companies that are being forced to sell due to low natural prices and inability to raise debt or equity financing because of the financial crisis.

Investment Team

Stephen Johnston, Managing Director

Stephen has over 15 years experience as a fund manager from both the private equity and debt markets perspectives. Stephen has a BSc (Honors in Biology) (1987) and a LLB from the University of Alberta (1990) and a MBA (1994) from the London Business School.

• Petrocapita Income Trust – co-founder and managing partner of private energy fund
• Agcapita Farmland Investment Partners – co-founder and managing partner of Canada’s largest RRSP eligible farmland fund
• Societe Generale Asset Management - Emerging Markets UK - head of the private equity team responsible for closed-end funds covering the Baltics, Central and Eastern Europe and the Middle East with almost CDN$ 500 million under management
• Nexus Equity – principal of a £12 million early stage technology fund based in London, UK, sub-fund of GMT Partners ($1 billion TMT fund)    
• European Bank for Reconstruction and Development – banker on the Telecommunications and Media Team, providing debt and equity financing to companies based in Eastern Europe and the former Soviet Union - participated in over $400 million in sovereign and private loan transactions
• AT Kearney -  strategy consultant implementing risk management systems for Swedish investment banking clients with a focus on analyzing commercial real estate loan portfolios to quantify the accuracy of default risk metrics
• Baring Brothers – banker in the structured finance department

David Forrest, President
Dave has over 20 years experience in acquiring and developing oil assets in western Canada. Mr. Forrest founded IC Energy, taking production to approximately 750 BOE/day with P&NG leases totaling 5,440 acres, before selling to Arsenal Energy. He is a founder and President of Brahma Resources, a conventional heavy oil producer, with operations in the Loydminster and Maidstone areas of Saskatchewan, and a co-founder of Gotham Resources, which was acquired by Saha Petroleum.

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