WasteCo Group shareholders have approved two resolutions at a special meeting.
The first was for the issue of $15 million worth of convertible notes to Empire Waste Technology, as well as the potential issuance of up to 750 million ordinary shares to Empire upon conversion of the notes.
The second resolution, contingent upon the approval of the first, was for the issuance of up to 250 million shares at a price of $0.02 under a share purchase plan to be offered in December 2024.
All voting was conducted by poll, in accordance with NZX Listing Rule 6.1.
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