StockMarketWire.com - Westmount Energy said it had participated in a non-brokered private placement by Canada's Cateleya Energy Corporation.

Westmount Energy said it had purchasd of 253,685 common shares at $10 each for around $2.5m including transaction cots.

Cateleya Energy was established in 2015 and was focused on oil exploration opportunities in the emerging Guyana-Suriname Basin.

Westmount Energy said its shareholding in the company represented about 2.4% of its share capital.


At 8:35am: [LON:WTE] Westmount Energy Ltd share price was +1.75p at 17.25p



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