James Darby

October 15, 2009 15:37 ET

James Darby Acquires Shares of Consolidated Envirowaste Industries Inc.

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 15, 2009) - James E.H. Darby of North Vancouver, 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. Darby has beneficial ownership, direction or control over an aggregate of 3,946,741 common shares, representing approximately 37.9% of the outstanding shares of Envirowaste.

Although Mr. Darby 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. Darby and his spouse, Elizabeth Darby, collectively have beneficial ownership, control or direction over 5,764,241 common shares of Envirowaste, being approximately 55.3% of the outstanding common shares.

Mr. Darby acquired the 800,000 common shares for investment purposes. Mr. Darby may acquire ownership of, or control or direction over, additional securities of Envirowaste in the future. Mr. Darby acquired the 800,000 shares from Douglas Halward. Mr. Darby and Mr. Halward have entered into a letter of intent with Envirowaste (which was announced on September 30, 2009) relating to a proposed transaction in which Mr. Darby and Mr. Halward would 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.

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.

JAMES DARBY

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

  • Consolidated Envirowaste Industries Inc.
    Douglas Halward
    (604) 856-6836