Environmental Waste International Inc. announced a private placement of 30,000,000 units with certain investors at a price of CAD 0.05 per unit for gross proceeds of CAD 1,500,000 on April 17, 2023. Each unit consists of one common share and one share purchase warrant. Each warrant expires two years from the closing and has an exercise price of CAD 0.10.

Each investor will also purchase certain shares of EWS from a director of EWS for CAD 0.02 per share in a private transaction expected to close concurrently with the financing. No broker or finder fees are anticipated to be paid in connection with the financing. All securities issued pursuant to the financing and debt settlement will be subject to four months and a day statutory hold period.

The financing and debt settlement is subject to TSX Venture Exchange acceptance of regulatory filings.