Consolidated Envirowaste Industries Inc.

Consolidated Envirowaste Industries Inc.

December 15, 2006 19:41 ET

Consolidated Envirowaste Industries Inc.: Closing of Previously-Announced Acquisition of Shares by Insiders

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Dec. 15, 2006) - Consolidated Envirowaste Industries Inc. (TSX VENTURE:CWD) Pursuant to agreements made and announced in September and October, 2006, James Darby and Douglas Halward, the Company's Chief Executive Officer and President, respectively, and Elizabeth Darby, James Darby's spouse, have acquired from four institutional shareholders a total of 1,770,897 common shares of the Company. The four selling shareholders were an affiliate of Royal Bank Capital Corporation and three limited partners in Environmental Research and Development Limited Partnership ("ER&D"). Messrs. Darby and Halward, Mrs. Darby, ER&D, Royal Bank Capital Corporation and the Company are parties to a shareholders' agreement dated September 24, 1996, a copy of which was previously filed by the Company. Messrs. Darby and Halward and their associates now own shares representing 58.3% of the Company's outstanding shares.

Consolidated Envirowaste Industries Inc.

James Darby, Chief Executive Officer

The TSX Venture Exchange has neither approved nor disapproved of the information contained herein.

Contact Information

  • Consolidated Envirowaste Industries Inc.
    Douglas Halward
    (604) 856-6836
    (604) 856-5644 (FAX)