Lincoln Park Capital Fund LLC has agreed to invest up to $10.1 million in WestMountain Gold Inc.
Based in Sandpoint, Idaho, WestMountain has the right to sell to Lincoln up to $10 million of its common stock for a two-year period. LPC has already purchased $100,000 of WestMountain stock at a price of $.88 per share.
WestMountain is an exploration company that acquires and develops advanced-stage gold properties.
Chicago-based Lincoln is an institutional investor that invests in public and private companies.