WasteCo has successfully raised $3 million through the issue of convertible notes to wholesale investors.
The strategic funding, facilitated by CM Partners, will be used to enhance WasteCo's operations.
This includes expanding recycling capabilities, investing in technology to divert waste from landfill, and extending reach with customer service improvements.
The notes, which have a maturity date of October 15 2025, offer holders the option to redeem for cash or convert to WasteCo shares at $0.05 each.
They also carry an annual interest rate of 10%, payable quarterly.
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