International law firm Watson Farley & Williams has advised AIM-traded Westmount Energy Ltd (“Westmount”) on a subscription raising £200,000 and an open offer of up to 11,285,167 new Ordinary Shares at 5 pence per share to raise up to approximately £550,000.
Westmount is an energy investment company and most recently has made a £500,000 strategic investment in AIM traded Eco (Atlantic) Oil & Gas Ltd. The funds raised will be used for general working capital purposes and if, deemed appropriate by the Board of Westmount, to pursue further investment opportunities.
The WFW London Corporate team advising Westmount was led by Partner Dearbhla Quigley, assisted by Senior Associate Sarah Williamson and Trainee Philip Chope.
Dearbhla commented: “We are delighted to have advised new client Westmount on its recent fundraising and given WFW’s expertise in the energy and oil and gas sectors, look forward to working with them in the future”.
David King, Director, Westmount Energy commented: “We were very pleased to be working with Dearbhla and her team at WFW, who at all times were responsive and thorough in their support of our recent fundraising and related announcements”.