Douglas R. Halward

February 03, 2010 18:42 ET

Douglas Halward Announces Acquisition of Shares of Consolidated Envirowaste Industries Inc.

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 3, 2010) - Douglas R. Halward of Port Moody, British Columbia has acquired beneficial ownership of 800,000 common shares of Consolidated Envirowaste Industries Inc. ("Envirowaste") at a price of $0.14 per share by way of a private transaction. Following completion of the acquisition, Mr. Halward has beneficial ownership, direction or control over an aggregate of 1,835,894 common shares, representing approximately 17.6% of the outstanding shares of Envirowaste.

Although Mr. Halward does not have beneficial ownership, direction or control over the shares of Envirowaste held by his spouse, securities legislation presumes spouses to be joint actors for purposes of reporting on acquisitions. Following the acquisition of the 800,000 shares, Mr. Halward and his spouse, Cynthia Halward, collectively have beneficial ownership, control or direction over 2,419,093 common shares of Envirowaste, being approximately 23.2% of the outstanding common shares.

Mr. Halward acquired the 800,000 common shares from James E.H. Darby for investment purposes. Mr. Halward and Mr. Darby have entered into an Arrangement Agreement with Envirowaste (which was announced on November 13, 2009) relating to a going-private transaction in which Mr. Halward and Mr. Darby will acquire all of the outstanding common shares of Envirowaste not already held directly or indirectly by them or their families at a price of $0.14 per share in cash. The arrangement transaction has been approved by the shareholders and by the British Columbia Supreme Court, and is expected to become effective within the next two weeks.

A copy of the early warning report in respect of this acquisition has been filed with the applicable securities commissions and can be found at www.sedar.com.

"Douglas R. Halward"

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DOUGLAS R. HALWARD

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Douglas R. Halward
    604-856-6836