Final Repayment - Convertible Loan Notes
1st April 2021
WESTMOUNT ENERGY LIMITED
("Westmount" or the "Company")
Final Repayment - 10% Convertible Unsecured Loan Notes 2021
The Board of Westmount is pleased to announce that final repayment has been made with respect to the 10% p.a. convertible unsecured loan notes 2021 ("Convertible Loan Notes"), due on 31st March 2021. The final repayment is a total of £456,547.94 consisting of £400,000 residual principal of Convertible Loan Notes plus £56,547.94 in accrued interest.
All Convertible Loan Notes issued on the 23rd October 2018 have been repaid in full and the company is now debt free. Post final repayment of the Convertible Loan Notes the Company has a cash balance of approximately £1.3M (unaudited). The Company's issued share capital remains comprised of 144,051,486 ordinary shares.
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For further information, please contact:
Westmount Energy Limited www.westmountenergy.com
David King, Director Tel: +44 (0) 1534 823059
Anita Weaver
Cenkos Securities plc ( Nomad and Broker) Tel: +44 (0) 20 7397 8900
Nicholas Wells/Neil McDonald (Corporate Finance)
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