West Mountain Environmental Corp.
TSX VENTURE : WMT

West Mountain Environmental Corp.

June 01, 2016 08:00 ET

West Mountain Environmental Provides Update Regarding Convertible Bond

CALGARY, ALBERTA--(Marketwired - June 1, 2016) - West Mountain Environmental Corp. (the "Company") (TSX VENTURE:WMT) announces that the agreed timeframe to conclude and execute formal documentation related to the extension of the convertible 6.5% secured bond has lapsed. Please refer to the Company's May 16, 2016 news release. While the Company is committed to working with the holder of the convertible bond on language reflective of the parties' earlier agreement that the maturity date of the bond was extended by one year, there can be no assurances that this will be accomplished. The holder of the convertible bond may take the position that the amount owing under the convertible bond is now due and payable.

Forward-Looking Statements

This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "objective", "ongoing", "may", "will", "project", "should", "believe", "plans", "intends" and similar expressions are intended to identify forward-looking information or statements. More particularly and without limitation, this news release contains forward-looking statements in respect of the completion of documentation that effect the timing of the obligation to repay amounts owing under the convertible 6.5% secured bond. There is no certainty that this will be accomplished. Although West Mountain believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because West Mountain can give no assurance that they will prove to be correct.

Since forward-looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. The forward-looking statements and information contained in this news release are made as of the date hereof and West Mountain undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

About West Mountain

West Mountain is an established Canadian environmental solutions company specializing in the thermal treatment of a variety of hazardous and non-hazardous waste streams. Through its subsidiaries it employs a unique indirectly heated, closed loop technology that allows it to extract even the most hazardous contaminants from soil and industrial sludge converting much of it into reusable oil and synthetic natural gas that it uses to sustain the process. This methodology offers significant opportunity for greenhouse gas reduction over traditional hazardous waste destruction technologies. The Company's management team maintains expertise in hazardous waste management and contaminated site remediation with experience spanning North America and 15 countries internationally.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts the responsibility for the adequacy or accuracy of this release.

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