WestMountain Index Advisor, Inc. (OTCBB:WMTN) announced a private placement of 1,519,699 common shares at $0.75 per share for gross proceeds of $$1,139,751 on January 4, 2013. The majority of the financing was subscribed by individual accredited investors. The company has paid customary fees and costs for a portion of the transaction. The transaction saw participation from 51 investors. The securities were issued pursuant to Regulation D.

On January 4, 2013, WestMountain Index Advisor, Inc. closed the transaction.