Filing Details
- Accession Number:
- 0001079974-15-000413
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2015-06-03 14:18:22
- Reporting Period:
- 2014-05-26
- Filing Date:
- 2015-06-03
- Accepted Time:
- 2015-06-03 14:18:22
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1421601 | Westmountain Gold Inc. | WMTN | Investors, Nec (6799) | 261315498 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1377756 | Boco Investments Llc | 262 East Mountain Ave. Fort Collins CO 80524 | No | No | Yes | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Acquisiton | 2015-05-26 | 2,500,000 | $0.12 | 30,821,857 | No | 4 | P | Direct | |
| Common Stock | Acquisiton | 2015-05-26 | 6,870,583 | $0.12 | 30,821,857 | No | 4 | P | Direct | |
| Common Stock | Acquisiton | 2015-05-26 | 11,639,075 | $0.12 | 30,821,857 | No | 4 | P | Direct | |
| Common Stock | Acquisiton | 2015-05-27 | 4,886,615 | $0.05 | 30,821,857 | No | 4 | P | Direct | |
| Common Stock | Acquisiton | 2015-05-27 | 2,000,000 | $0.01 | 30,821,857 | No | 4 | P | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | P | Direct | |
| No | 4 | P | Direct | |
| No | 4 | P | Direct | |
| No | 4 | P | Direct | |
| No | 4 | P | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common | Warrant | Disposition | 2015-05-27 | 1,000,000 | $0.00 | 1,000,000 | $0.01 |
| Common | Warrant | Disposition | 2015-05-27 | 22,000 | $0.00 | 22,000 | $0.01 |
| Common | Warrant | Disposition | 2015-05-27 | 200,000 | $0.00 | 200,000 | $0.01 |
| Common | Warrant | Disposition | 2015-05-27 | 1,250,000 | $0.00 | 1,250,000 | $0.05 |
| Common | Warrant | Disposition | 2015-05-27 | 1,136,615 | $0.00 | 1,136,615 | $0.05 |
| Common | Warrant | Disposition | 2015-05-27 | 715,500 | $0.00 | 715,500 | $0.01 |
| Common | Warrant | Disposition | 2015-05-27 | 1,250,000 | $0.00 | 1,250,000 | $0.05 |
| Common | Warrant | Disposition | 2015-05-27 | 1,250,000 | $0.00 | 1,250,000 | $0.05 |
| Common | Warrant | Disposition | 2015-05-27 | 62,500 | $0.00 | 62,500 | $0.01 |
| Common | Convertible Note | Disposition | 2012-09-17 | 5,673,955 | $2,553,280.00 | 5,673,955 | $0.45 |
| Common | Convertible Note | Acquisiton | 2012-09-17 | 15,434,292 | $1,852,115.00 | 15,434,292 | $0.12 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 15,684,292 | 2014-04-23 | 2019-04-21 | No | 4 | X | Direct |
| 15,684,292 | 2014-04-23 | 2019-04-22 | No | 4 | X | Direct |
| 15,684,292 | 2014-04-23 | 2019-11-15 | No | 4 | X | Direct |
| 15,684,292 | 2014-04-23 | 2022-10-01 | No | 4 | X | Direct |
| 15,684,292 | 2014-04-23 | 2022-09-30 | No | 4 | X | Direct |
| 15,684,292 | 2014-04-23 | 2019-04-22 | No | 4 | X | Direct |
| 15,684,292 | 2014-04-23 | 2023-05-07 | No | 4 | X | Direct |
| 15,684,292 | 2014-04-22 | 2023-06-26 | No | 4 | X | Direct |
| 15,684,292 | 2014-04-23 | 2021-08-01 | No | 4 | X | Direct |
| 15,684,292 | No | 4 | J | Direct | ||
| 15,684,292 | No | 4 | J | Direct |
Footnotes
- The common stock received represents the conversion of Secured Convertible Promissory Notes in the principal amount of $300,000 at a per share price of $0.12.
- The common stock received represents the conversion of accrued interest from certain Promissory Notes in the amount of $824,470 at a per share price of $0.12.
- The common stock received represents the conversion of accrued interest from certain Promissory Notes in the amount of $1,396,689 at a per share price of $0.12.
- Execution of previously report warrants, exercised at a price of $0.05 per agreement with issuer.
- Execution of previously reported warrant.
- The Reporting Person purchased a Convertible Revolving Line of Credit in the principal amount of $1,852,115. The Note bears interest at an annual rate of 15% and principal and accrued interest may be converted into the Company's common stock at the initial rate of $3.00 per share ("Conversion Rate") at the Lender's option. On May 15, 2015 principal totaled $1,852,115 and accrued interest totaled $824,470, which was converted in to common stock at $0.12 as of May 26, 2015. The Principal remains outstanding, and accrues interest at an annual rate of 8%. The current conversion rate, subject to adjustment based on subsequent Company financing, at present equals $0.12 per share of the Company's Common Stock.
- Convertible Notes are exercisable upon receipt thereof by the Reporting Person.
- Convertible Notes are no longer exercisable upon receipt of all amounts due thereunder by the Reporting Person.
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