REG - Westmount Energy Ld - Final Repayment - Convertible Loan Notes

Westmount EnergyAnnouncement

01/04/2021 07:05

RNS Number : 2177U
  
Westmount Energy Limited
  
01 April 2021
  
 

 
 
 
  1st 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 31st March 2021. The final repayment is a total of £456,547.94 consisting of £400,000 residual principal of Convertible Loan Notes plus £56,547.94 in accrued interest. 
 
All Convertible Loan Notes issued on the 23rd 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 £1.3M (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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