10:20:19 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



West Mountain Capital Corp
Symbol WMT
Shares Issued 37,891,332
Close 2014-04-24 C$ 0.215
Market Cap C$ 8,146,636
Recent Sedar Documents

West Mountain agreement with Jereh Energy

2014-04-24 19:28 ET - Miscellaneous

The TSX Venture Exchange has accepted for filing documentation pursuant a joint venture contact dated March 20, 2014, between West Mountain Capital Corp. and Jereh Energy Services Corp., an arm's length party, whereby the company will establish a joint venture with Jereh for the purpose of remediating hazardous waste from the Chinese oil and gas industry. Pursuant to the agreement, the company will contribute $300,000 (U.S.) in cash for a resulting participating interest of 30-per-cent interest in the joint venture. Under terms of the agreement and in reference to a thermal phase separation sublicence agreement dated Feb. 9, 2014, the company will grant to the joint venture an exclusive sublicence for the thermal phase separation technology and will grant Jereh the exclusive right to manufacture the thermal phase separation units (TPS units) to be purchase by the joint venture. Further, Jereh will be solely responsible for the joint venture's working capital requirements according to the joint venture's operation and for the manufacture of equipment required by the joint venture, including the TPS units.

The exchange notes that the company will have the right to appoint only one key member of the joint venture's management team.

For further information, please refer to the company's press release dated March 31, 2014.

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