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EWS Repays Debt and Negotiates New Loan Agreements |
October 08, 2010
AJAX, ONTARIO--(Marketwire - Oct. 8, 2010) - Environmental Waste International Inc. (EWS) (TSX VENTURE:EWS) has repaid its $515,000 in 12% loans due September 30, 2010. The Company has new agreements for $497,000 of 10% 18 month term loans subject to TSX Venture Exchange approval. At the Company's option, the loans can be repaid after six months and are convertible into common shares at $0.35 a share. The $497,000 in loans is convertible into 1,420,000 common shares. EWS's five directors and a relative of the company's President participated in the new loan.
http://www.marketwire.com/mw/release.do?id=1332486&sourceType=3
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