- Environmental Waste International (EWS) closes private placement
- Each warrant expires two years from the closing and has an exercise price of $0.15
- Five members of the EWS Board of Directors and a senior management team member participated in the offering
- Environmental Waste International Inc. specializes in eco-friendly systems for the breakdown of organic materials, including tires
- Environmental Waste International (EWS) is trading at C$0.07 at 9:32 am ET
Environmental Waste International (EWS) has closed a private placement for gross proceeds of $825,000.
The company issued 8.25 million units at a price of $0.10 per unit.
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 $0.15.
Five members of the EWS Board of Directors and a senior member of the management team participated in the offering.
All securities issued are subject to a statutory hold period ending August 14, 2022.
The offering is subject to TSXV acceptance of regulatory filings.
The funds will be used for upgrading its Sault Ste. Marie facility and for working capital.
Environmental Waste International Inc. specializes in eco-friendly systems for the breakdown of organic materials, including tires.
It 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 recovering highly valuable commodities, including carbon black, oil and steel.
Environmental Waste International (EWS) is trading at C$0.07 at 9:32 am ET.
