West Mountain Environmental Receives Demand for Payment of Convertible Bond
(firmenpresse) - CALGARY, ALBERTA -- (Marketwired) -- 06/10/16 -- West Mountain Environmental Corp. (the "Company") (TSX VENTURE: WMT) announces that holder of the convertible 6.5% secured bond has taken the position that payment is due under the bond and has demanded that amounts owing thereunder be made within ten days. The holder has advised the Company that it may proceed to enforce payment of the indebtedness if payment is not made, including by realization on its security for the indebtedness. The holder has provided the Company with a Notice of Intention to Enforce Security pursuant to section 244(1) of the Bankruptcy and Insolvency Act (Canada) giving notice of the holder''s intention to enforce its security after the expiration of ten days following June 9, 2016.
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. Through its subsidiaries it employs a unique indirectly heated, closed loop technology that allows it to extract even the most hazardous contaminants from soil and industrial sludge 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 and contaminated site remediation with experience spanning North America and 15 countries internationally.
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.
Contacts:
West Mountain Environmental Corp.
Mr. Tim Mahoney
CEO and President
(561) 626-9311
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Datum: 10.06.2016 - 07:52 Uhr
Sprache: Deutsch
News-ID 1440771
Anzahl Zeichen: 21367
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CALGARY, ALBERTA
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Waste Management
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