Environmental Waste International Completes Private Placement
May 30 2014 - 5:18PM
Marketwired
Environmental Waste International Completes Private Placement
AJAX, ONTARIO--(Marketwired - May 30, 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 5,058,333 units
("Units") raising proceeds of $606,999.92.
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.Bob MacBeanCFO(905)
686-8689 or (800) 399-2366Bob.macbean@ewmc.comwww.ewi.ca
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