June 23, 2016 13:31 ET
CALGARY, ALBERTA--(Marketwired - June 23, 2016) - West Mountain Environmental Corp. (the "Company") (TSX VENTURE:WMT) announces that the holder of the convertible 6.5% secured bond has advised the Company that it will not proceed with enforcement against the Company before July 5, 2016, allowing the parties more time to conclude a possible resolution.
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.
Certain statements contained herein, such as the advice of holder of the bond that it will not proceed with enforcement against the Company before July 5, 2016 and that there is a possible resolution, constitute forward-looking statements within the meaning of applicable securities laws. The Company believes the expectations reflected in those forward-looking statements are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included herein should not be unduly relied upon. 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.
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.
West Mountain Environmental Corp.Mr. Tim MahoneyCEO and President709 726 email@example.com://www.westmountainenv.com
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