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Microcap & Penny Stocks : WSII - Waste Systems International
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To: MisterED who wrote (17)5/20/1998 7:01:00 AM
From: MisterED   of 43
 
On May 13 WSII announced the sale of $60 million of
seven-year 7% subordinated notes through a private
placement with six institutional investors.

Subject to approval by stockholders, the notes will
be convertible into common stock at a price of $10
per share.

The proceeds will be used to close pending and
future acquisitions and to reduce outstanding debt
and for working capital.

The company says this financing will allow WSII to
grow dramatically before it needs to seek additional
capital.
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