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| Home : Jereh Energy Services Corporation to Enforce Security |
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Apr 14
2017 |
Jereh Energy Services Corporation to Enforce Security |
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CALGARY, ALBERTA--(Marketwired - April 13, 2017) - West Mountain Environmental Corp. (the "Company") (TSX VENTURE:WMT) announces that Jereh Energy Services Corporation ("Jereh") has provided the Company with a notice that the Company is default of its obligations to pay the amounts owing under the 6.5% Convertible Bond held by Jereh. A demand payment of the amount of CDN$4,272,370 together with interest and costs accruing after April 3, 2017 (the "Indebtedness") has also been issued by Jereh. In addition, Jereh has provided the Company with a Notice of Intention to Enforce Security under section 244(1) of the Bankruptcy and Insolvency Act (Canada) giving notice of Jereh's intention to enforce its security in respect of the Indebtedness within 10 days following April 12, 2017. |
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| Source:http://www.marketwired.com/mw/release.do?id=2209690&sourceType=3 |
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