Deep Green Waste & Recycling, Inc. announced that it has received $0.09 million in funding from The EquiLux Group, LP
July 02, 2021
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Deep Green Waste & Recycling, Inc. announced a securities purchase agreement for a private placement of a convertible promissory note for gross proceeds of $90,000 to Labrys Fund, LP, a fund managed by The EquiLux Group, LP on July 2, 2021. The original price of the notes is $100,000 and the note is issued at a discount have $10,000. The note is convertible, in whole or in part, at any time and from time to time before maturity, July 2, 2022 at the option of the holder at the conversion price equal to $0.015. Holder shall be entitled to deduct $1,750 from the conversion amount in each notice of conversion to cover holder’s fees associated with each notice of conversion. The note has a term of one year and bears interest at 12% annually. The investor was also issued a warrant granting the holder the right to purchase up to 5,000,000 shares of the company’s common stock at an exercise price of $0.02 for a term of 5 years.
Deep Green Waste & Recycling, Inc. is an environmental protection agency (EPA) compliant and state compliant environmental services company. The Company specializes in the meticulous removal of toxic materials, including mold, lead, radon, and asbestos, across both commercial and residential properties. It is also focused on providing waste and recycling services for customers, waste haulers, and recycling centers. The Company is also focused on offering recycling services that reduce the disposal of plastics, electronic wastes, food wastes, and hazardous wastes in the commercial property universe. It is also engaged in designing and managing waste programs for commercial and institutional properties. The Company's wholly owned subsidiaries include DG Treasury, Inc. and Lyell Environmental Services, Inc. (Lyell). Lyell is a commercial environmental and ecological testing services company, which focus on environmental protection and safety.