14th May 2018 12:52
LONDON (Alliance News) - Westmount Energy Ltd said Monday it has netted a potential GBP174,180 despite an administrative error meaning warrant exercise applications were received after the deadline.
Westmount said 383,400 share warrant exercise applications, representing GBP28,755, were received after the April 18 deadline. The cause was an "administrative error" and Westmount has chosen to honour the application for these extra shares.
As a result, it announced a subscription for 383,4000 shares at the same price at the 7.50 pence warrant exercise price.
Shares in Westmount Energy were untraded on Monday, having last been at 9.00p.
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