West Mountain Extends Expiry Date for Transaction with Jereh International Investment (Group) Company Limited
16 Enero 2014 - 8:22AM
Marketwired
West Mountain Extends Expiry Date for Transaction with Jereh
International Investment (Group) Company Limited
CALGARY, ALBERTA--(Marketwired - Jan 16, 2014) - West Mountain
Capital Corp. (the "Company" or "West Mountain") (TSX-VENTURE:WMT)
announces that it has executed an amendment ("Amendment") to the
binding heads of agreement ("Heads of Agreement") with Jereh Energy
Services Corporation ("Jereh") of Yantai, China that extends the
expiry date of the Heads of Agreement to 12:00pm Newfoundland
Standard Time on January 30th, 2014.
About West Mountain West Mountain is an established Canadian
environmental solutions company specializing in the thermal
treatment of a variety of hazardous and non-hazardous waste
streams. It employs a unique indirectly heated, closed loop
technology that allows it to extract even the most hazardous
contaminants from soil, industrial sludge, pharmaceutical waste and
consumer waste streams converting much of it into reusable oil and
synthetic natural gas that it uses to sustain the process. This
methodology offers significant opportunity for greenhouse gas
reduction over traditional hazardous waste destruction
technologies. The Company's management team maintains expertise in
hazardous waste management, Brownfield remediation and
pharmaceutical waste management with experience spanning North
America and 15 countries internationally.
Forward-Looking Statements
This news release contains forward-looking statements and
forward-looking information within the meaning of applicable
securities laws. The use of any of the words "expect",
"anticipate", "continue", "estimate", "objective", "ongoing",
"may", "will", "project", "should", "believe", "plans", "intends"
and similar expressions are intended to identify forward-looking
information or statements. In particular, this news release
contains forward-looking information regarding the Transaction and
the use of the proceeds received from the Private Placement. The
forward-looking statements and information are based on certain key
expectations and assumptions made by West Mountain, including
expectations and assumptions concerning the completion of the
transactions described in this news release. Although West Mountain
believes that the expectations and assumptions on which such
forward-looking statements and information are based are
reasonable, undue reliance should not be placed on the
forward-looking statements and information because West Mountain
can give no assurance that they will prove to be correct. There is
no assurance that the Transaction or any of the other transactions
described in this news release will be completed on the terms set
out in this news release or at all.
Since forward-looking statements and information address future
events and conditions, by their very nature they involve inherent
risks and uncertainties. Actual results could differ materially
from those currently anticipated due to a number of factors and
risks. Factors which could materially affect such forward-looking
information include the failure to enter into definitive agreements
that provide for the Transaction described in this news release and
other factors that are described in the risk factors in the
Company's most recent annual management's discussion and analysis
that is available on SEDAR at www.sedar.com. The forward-looking
statements included in this news release are expressly qualified by
this cautionary statement. The forward-looking statements and
information contained in this news release are made as of the date
hereof and West Mountain undertakes no obligation to update
publicly or revise any forward-looking statements or information,
whether as a result of new information, future events or otherwise,
unless so required by applicable securities laws.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts the responsibility for the adequacy or
accuracy of this release.
West Mountain Capital Corp.Mr. Paul AntlePresident and CEO709
726 0336pantle@phaseparation.comwww.phaseparation.com
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