March 30, 2006 19:46 ET

West Mountain Announces Completion of Initial Public Offering

CALGARY, ALBERTA--(CCNMatthews - March 30, 2006) - WEST MOUNTAIN CAPITAL CORP. ("West Mountain") is pleased to announce that it has completed its initial public offering of 3,000,000 common shares at the price of $0.10 per common share pursuant to its prospectus dated March 7, 2006 and will be filing all final listing documents with the TSX Venture Exchange Inc. (the "TSX Venture"). As a result of this issuance, the Corporation has 7,000,000 common shares issued and outstanding. The Corporation also granted options to acquire an aggregate of 575,000 common shares at an exercise price of $0.10 per share to directors and officers of West Mountain and an agent's option to acquire an aggregate of 300,000 shares at an exercise price of $0.10 per share to Blackmont Capital Inc. There has been no material change in the business and affairs of West Mountain other than the foregoing.

West Mountain is a Capital Pool Company as defined in Policy 2.4 of the TSX Venture and is therefore subject to and governed by the restrictions of TSX Venture Policy 2.4. To date, West Mountain has not conducted operations of any kind. West Mountain proposes to identify and evaluate opportunities for the acquisition of an interest in assets or businesses and, once identified and evaluated, to negotiate an acquisition or participation subject to regulatory approval. West Mountain's present intention is to pursue business opportunities in the natural resources sector. West Mountain does not own any assets, other than cash, and has not entered into an "Agreement in Principle", as such phrase is defined in Policy 2.4 of the TSX Venture, with respect to any acquisition.

The TSX Venture Exchange does not accept responsibility for the accuracy or adequacy of this release.

Contact Information

  • West Mountain Capital Corp.
    Curtis Dutchak
    Chief Financial Officer and a director
    (403) 266-2067