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| Home : West Mountain Environmental Receives Demand for Payment of Convertible Bond |
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Jun 11
2016 |
West Mountain Environmental Receives Demand for Payment of Convertible Bond |
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CALGARY, ALBERTA--(Marketwired - June 10, 2016) - 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. |
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| Source:http://www.marketwired.com/mw/release.do?id=2133280&sourceType=3 |
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