Westmount Energy Limited Final Repayment - Convertible Loan Notes (2177U)
01 Abril 2021 - 12:00AM
UK Regulatory
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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