BNK Petroleum Inc. (TSX: BKX) has named David Neuhauser as a new director of the company.
Neuhauser is founder and managing director of Livermore Partners based in the Chicago suburb of Northbrook, Illinois. Livermore Partners LLC is a private investment firm serving institutions, high-net worth individuals and private equity sponsors. Neuhauser has extensive experience in capital markets and M&A activity and has over 20 years of experience in strategic investments including oil and gas.
Prior to founding Livermore, Neuhauser was founder and president of Loren Holdings Inc., a company focused on strategic investments across a broad group of industries. Neuhauser was a longtime member of the CME Group (NYSE:CME) as well as the National Futures Association. He received his BA with concentrations in Economics from Northeastern Illinois University and has conducted Graduate studies in Economics and Sociology from Roosevelt University of Chicago. He is a current board member of TSX Venture Exchange listed Mitra Energy Inc.
The company also noted that the existing lenders have reaffirmed their commitment amount under the company's credit facility at US$24,400,000 pursuant to the semi-annual review and redetermination of the borrowing base. The other terms of the US$100,000,000 facility remain the same. The company currently has US$20,500,000 outstanding under the facility.