WTE Westmount Energy Limited

TIDMWTE

RNS Number : 2177U

Westmount Energy Limited

01 April 2021

1(st) 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 31(st) March 2021. The final repayment is a total of GBP456,547.94 consisting of GBP400,000 residual principal of Convertible Loan Notes plus GBP56,547.94 in accrued interest.

All Convertible Loan Notes issued on the 23(rd) 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 GBP1.3M (unaudited). The Company's issued share capital remains comprised of 144,051,486 ordinary shares.

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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April 01, 2021 02:00 ET (06:00 GMT)

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