WCO Group – $3m funding secured through convertible notes

WasteCo is pleased to announce the successful issue of convertible notes, raising $3m from a number of wholesale investors. This strategic funding will bolster WasteCo's operations, specifically aimed at: - Expanding Recycling Capabilities: Enhancing our facilities to increase recycling throughput and efficiency - Investing in Technology: Increasing our capability to divert waste from landfill - Operational Growth: Extending our reach with customer service improvements. The notes, maturing on 15 October 2025, offer holders the flexibility to redeem for cash or convert to WCO shares at $0.05 each, prior to maturity. With an annual interest rate of 10%, payable quarterly, these notes represent a robust investment in our sustainable growth. CM Partners played a pivotal role in the implementation of this note issue, reflecting confidence in WasteCo's vision and operational plans. End CA:00428771 For:WCO Type:TRANSACT Time:2024-03-28 10:09:31