WEST MOUNTAIN CAPITAL CORP.
TSX VENTURE : WMT

December 16, 2009 09:56 ET

West Mountain Capital Corp. Payout of $100,000 of Debentures

CALGARY, ALBERTA--(Marketwire - Dec. 16, 2009) - West Mountain Capital Corp. (TSX VENTURE:WMT) ("West Mountain") announces that on December 14, 2009 it repaid principal debentures in the aggregate of $100,000. These debentures comprised part of the 10.0% unsecured convertible debentures in the aggregate principal amount of $500,000 that were issued in September 2008 and were otherwise due on March 26, 2010. Debentures in the aggregate principal amount of $400,000 remain outstanding. The outstanding debentures are convertible at $0.15 per common share.

Included among the debentures that were repaid, debentures in the amount of $50,000 and $25,000 respectively were repaid Nairobi Investments Inc. ("Nairobi"), a company wholly-owned by Paul Antle (President, Chief Executive Officer and a director of West Mountain), and Bellator Engineering Inc, a company wholly-owned by Steve Thompson (a director of West Mountain).

Nairobi currently beneficially owns and exercises control or direction over an aggregate of 6,123,110 common shares of West Mountain constituting approximately 17.63% of the 34,724,667 common shares of West Mountain that are presently outstanding. Nairobi is not acting jointly or in concert with any person other than with Paul Antle, the sole shareholder, director and officer of Nairobi, in connection with the ownership or control of common shares of West Mountain. Paul Antle holds a total of 550,000 options to purchase Common Shares of West Mountain (400,000 at a price of $0.30 expiring on December 19, 2012 and 150,000 at a price of $0.10 expiring on August 31, 2014) and directly holds 37,000 common shares. Nairobi may from time to time acquire additional securities of West Mountain, dispose of some or all of the existing or additional securities it holds or will hold, or may continue to hold its current position. Such increase in ownership will depend on numerous conditions, including the price of the Common Shares and general market conditions.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

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