Environmental Waste International Inc.: Amendment of Previously Issued Warrants
January 22 2014 - 3:25PM
Marketwired Canada
Environmental Waste International Inc. ("EWS") (TSX VENTURE:EWS) (the "Company")
announces that it has received conditional approval from the TSX Venture
Exchange to amend the terms of 3,000,000 common share purchase warrants issued
on January 30, 2012 (the "Warrants"). Each Warrant entitled the holder to
acquire one common share of the Company at an exercise price of $0.50 for a
period of two years. The amendment will result in 2.9 million of the Warrants
being cancelled with the remaining 100,000 Warrants being amended such that the
exercise price will be reduced to $0.21 and the expiry date will be extended to
January 30, 2016. Notwithstanding the foregoing, if the closing price of the
Company's common shares on the TSX closes at $0.25 or higher for ten consecutive
trading days, the expiry of the Warrants will be accelerated to the 30th day
following such occurrence. All holders of the Warrants have consented to the
amendment.
About Environmental Waste International Inc.
Environmental Waste International, Inc. specializes in eco-friendly systems for
the breakdown of organic materials, including tires. EWS has spent over 15 years
engineering systems that integrate the EWS patented Reverse Polymerization(TM)
process and proprietary microwave delivery system. EWS's unique microwave
technology safely processes and recycles waste tires, while creating a highly
valuable commodity output for industry, including carbon black, oil and steel.
Each unit is designed to be energy efficient and where possible, create an
economically positive model for the recovery of various hydrocarbon oil and
gases. For more information please visit, www.ewi.ca.
Forward-Looking Statements
This news release includes certain forward-looking statements that are based
upon current expectations, which involve risks and uncertainties associated with
the Company's business and the environment in which the business operates. Any
statements contained herein that are not statements of historical facts may be
deemed to be forward-looking, including those identified by the expressions
"anticipate", "believe", "plan", "estimate", "expect", "intend", and similar
expressions to the extent they relate to the Company or its management. The
forward-looking statements are not historical facts, but reflect the Company's
current expectations regarding future results or events. These forward-looking
statements are subject to a number of risks and uncertainties that could cause
actual results or events to differ materially from current expectations,
including the matters discussed under "Risks and Uncertainties" in the Company's
most recent Management Discussion & Analysis, which can be found on the
Company's profile at www.sedar.com. The Company assumes no obligation to update
the forward-looking statements, or to update the reasons why actual results
could differ from those reflected in the forward-looking statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
FOR FURTHER INFORMATION PLEASE CONTACT:
Environmental Waste International Inc.
Dr. Daniel Kaute
President
(905) 686-8689 or (800) 399-2366
Daniel.kaute@ewmc.com
www.ewi.ca
Alliance Advisors, LLC
Valter Pinto
Investor Relations Contact
(914) 669-0222 x201
valter@allianceadvisors.net
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