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ENVIRONMENTAL WASTE INTERNATIONAL INC.

(EWS)
Delayed Bourse de Toronto  -  09:30 2022-10-04 am EDT
0.0350 CAD   +16.67%
08/26Environmental Waste International Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
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07/27Environmental Waste International Inc. Announces Loan Financing
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07/27Environmental Waste International Announces Loan Financing
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Environmental Waste : Announces Private Placement

03/14/2016 | 11:10am EDT

AJAX, ONTARIO--(Marketwired - Mar 14, 2016) - Environmental Waste International Inc. ("EWS") (TSX VENTURE:EWS) (the "Company"), today announced that it has completed its previously announced private placement of 1,923,077 shares at $0.13 per share, raising gross and net proceeds of $250,000. The shares issued pursuant to the private placement will be subject to a four month and one-day hold period. The proceeds from the offering will be used for general working capital purposes.

Subject to TSXV approval the Company will issue 63,600 warrants to purchase EWS common stock at $0.10 per share. The warrants will expire on April 15, 2017. The warrants will be issued to certain holders of a second mortgage (the "Holders") on a building owned by a wholly owned subsidiary of EWS. The warrants are being issued to the Holders for deferring $21,200 in interest payments. These holders have agreed to delay payment until May 15, 2016. Tom Russell, a director of EWS has deferred $18,000 and will receive 54,000 warrants.

Emanuel Gerard, a director of EWS, was issued a stock option to purchase 200,000 shares of EWS at an exercise price of $0.11 per share. The options will vest over 3 years and expire on March 14, 2021.

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.


© Marketwired 2016
Stocks mentioned in the article
ChangeLast1st jan.
ENVIRONMENTAL WASTE INTERNATIONAL INC. 16.67% 0.035 Delayed Quote.-71.43%
S&P/TSX COMPOSITE INDEX 2.40% 19331.68 Delayed Quote.-11.03%
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Financials
Sales 2021 0,11 M 0,08 M 0,08 M
Net income 2021 -1,27 M -0,94 M -0,94 M
Net Debt 2021 2,82 M 2,08 M 2,08 M
P/E ratio 2021 -20,9x
Yield 2021 -
Capitalization 8,00 M 5,90 M 5,90 M
EV / Sales 2020 542x
EV / Sales 2021 266x
Nbr of Employees -
Free-Float 62,4%
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Managers and Directors
Robert MacBean Chief Financial Officer
Jeffrey Stoss Chief Financial Officer
Emanuel Gerard Chairman
Steve Kantor Chief Technology Officer
Sam Geist Independent Director