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| Home : West Mountain Provides Clarification Regarding $3.5 Million Debt Financing |
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Oct 12
2012 |
West Mountain Provides Clarification Regarding $3.5 Million Debt Financing |
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CALGARY, ALBERTA--(Marketwire - Oct. 12, 2012) - West Mountain Capital Corp. ("the Company") (TSX VENTURE:WMT) announces that the scope of the guarantee anticipated to be provided by Export Development Canada ("EDC"), in support of the $3.5 million in debt financing committed to be provided by HSBC Bank Canada ("HSBC") is to be limited to the $500,000 demand revolving loan and the $1.5 million capital loan. Please refer to the Company's news release of October 10, 2012 for additional information regarding the HSBC debt financing. The potential provision of the EDC guarantee remains subject to the standard review, underwriting, and final approval processes of EDC prior to its official commitment to HSBC. The HSBC debt financing is subject to the satisfaction of customary conditions precedent including the finalization and execution of formal loan and security documentation. |
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| Source:http://www.marketwire.com/mw/release.do?id=1712904&sourceType=3 |
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