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EMS financing agreement

Environmental Management Solutions Inc. (TSX:EMS) recently announced that it has entered into a non-binding letter ...


Environmental Management Solutions Inc. (TSX:EMS) recently announced that it has entered into a non-binding letter of agreement with ONCAP II, L.P. (ONCAP) through which the company will be recapitalized with approximately $20 million of new financing. EMS will use the proceeds of the ONCAP investment to repay existing indebtedness, to finance certain growth initiatives, and to pay for the litigation settlement with the former CEO.

EMS is a leading environmental services company specializing in the management, treatment, re-use, and disposal, of organic waste and contaminated soil, with an emphasis on beneficial re-use.


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