David Doody, of Cottam, Ontario has been appointed as an interim director of BNP Resources. Dave earned a Bachelor of Mechanical Engineering degree from the Technical University of Nova Scotia in 1987 and currently holds 5,762,300 shares of BNP Resources.
Management of BNP continue to meet with potential new management teams, joint venture partners, property vendors and are actively seeking a Venture listed shell company. We are also working on other deals to bring in new investors, through producing property investment, from the USA.
We have held discussions with NYC brokers in 2014 and feel that a $50 million dollar deal can be completed, pending a strong management team, an experienced board of directors and a minimum of 500 barrels per day of initial production. The NYC brokers have also indicated that a private company is the preferred vehicle for institutional investment, as they are not required to prepare mark-to-market valuations for their holdings each day.