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CALGARY, ALBERTA--(Marketwired - April 2, 2014) - Jereh Energy Services Corporation ("Jereh") announced that on March 31, 2014, Jereh completed its strategic investment (the "Investment") into West Mountain Capital Corp. ("West Mountain") which consisted of an issuance from West Mountain to Jereh of: (i) 15,474,074 Common Shares of West Mountain at the price of C$0.27 per share for C$4,178,000 and (ii) a 6.5% secured convertible bond (the "Bond") of West Mountain in the aggregate principal amount of US$3,000,000 issued at par. The Bond and accrued interest is due and payable on the second anniversary of the closing date. The principal amount of the Bond is convertible at the option of Jereh prior to maturity at the conversion prices of C$0.32 and C$0.50 per share during the first year and second year of its term, respectively. |
