Environmental Waste International Completes Private Placement
January 31 2014 - 5:00PM
Marketwired
Environmental Waste International Completes Private Placement
AJAX, ONTARIO--(Marketwired - Jan 31, 2014) - Environmental
Waste International Inc. ("EWS") (TSX-VENTURE:EWS) (the "Company"),
a company specializing in eco-friendly systems with proven patented
technology for the breakdown of organic materials, today announced
it has closed in escrow a private placement of 4,583,333 units
("Units") raising gross proceeds of $550,000.
Each Unit was issued and sold for $0.12 and consisted of one
common share and half of one warrant. Each whole warrant entitles
the holder to acquire one common share at an exercise price $0.21
for a period of two years following the closing. The common shares
and warrants comprising the Units and the shares issuable upon the
exercise of the warrants will be subject to a hold period of four
months and one day. The net proceeds from the offering will be used
for general working capital purposes.
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™ 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.
Environmental Waste International Inc.Dr. Daniel
KautePresident(905) 686-8689 or (800)
399-2366Daniel.kaute@ewmc.comwww.ewi.caInvestor Relations
Contact:Alliance Advisors, LLCValter Pinto(914) 669-0222
x201valter@allianceadvisors.net
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