The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement for West Mountain Capital Corp. announced Nov. 20, 2014, and Jan. 30, 2014:
Convertible debenture: $3-million (U.S.)
Conversion price: convertible into common shares 32 cents of principal outstanding in year one and at 50 cents up to the maturity date
Maturity date: two years from date of issuance
Interest rate: 6.5 per cent
Placee: one
Insider: Jereh Energy Services Corp. (Kunxiao Wang, Cloris Chen) $3-million (U.S.)
There is no finder's fee.
The exchange acknowledges receipt of disinterested shareholder approval obtained via the written consent authorizing Jereh Energy Services as control person of the company. For further information please see the company's press release dated Jan. 24, 2014.
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