Source - LSE Regulatory
RNS Number : 2177U
Westmount Energy Limited
01 April 2021




  1st April 2021


("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                    

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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