BOCO Investments purchases notes with warrants for 1.25 million shares
By Devika Patel
Knoxville, Tenn., May 24 - WestMountain Gold, Inc. sold a $500,000 promissory note to BOCO Investments LLC on May 14, according to an 8-K filed Friday with the Securities and Exchange Commission. The deal priced on May 7.
The 15% note matures on Oct. 31, 2013.
BOCO also received warrants for 1.25 million shares. The warrants are each exercisable at $0.75 until May 17, 2018. The strike price is an 8.54% discount to the May 6 closing share price of $0.82.
The gold explorer is based in Denver.
| Issuer: | WestMountain Gold, Inc.
|
| Issue: | Promissory note
|
| Amount: | $500,000
|
| Maturity: | Oct. 31, 2013
|
| Coupon: | 15%
|
| Warrants: | For 1.25 million shares
|
| Warrant expiration: | May 17, 2018
|
| Warrant strike price: | $0.75
|
| Investor: | BOCO Investments LLC
|
| Pricing date: | May 7
|
| Settlement date: | May 14
|
| Stock symbol: | OTCBB: WMTN
|
| Stock price: | $0.82 at close May 6
|
| Market capitalization: | $25.77 million
|
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