On May 9, 2023, Environmental Waste International Inc. closed the transaction. The company issued 13,240,943 units at a price of CAD 0.05 for CAD 662,047.15 in its first tranche closing. The company is expecting to raise CAD 837,953 in second tranche closing for aggregate gross proceeds of the financing of at least CAD 1,500,000. All securities issued pursuant to the financing are subject to a statutory hold period ending September 10, 2023.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from 40 placees including existing insider involvement of one insider 100,000 and pro group involvement for one pro group for 2,899,136.