Environmental Waste International Inc.

Environmental Waste International Inc.

December 09, 2010 18:27 ET

EWS Announces Private Placement

AJAX, ONTARIO--(Marketwire - Dec. 9, 2010) - Environmental Waste International Inc. (EWS) (TSX VENTURE:EWS) announced that, subject to TSXV approval, it plans to issue, via a private placement, up to 5,000,000 units in order to raise a maximum of $1,750,000, less any agent fees. Each Unit will be issued at a price of $0.35 and will consist of one common share and one half of a Share Purchase Warrant. Each whole Share Purchase Warrant will entitle the holder to purchase one additional common share of EWI at a price of $0.50 for a period of two years from the date of issue. Funds will be used for ongoing research and development projects, including work on the TR application, as well as for general working capital purposes.

EWS has also designed processors for the environmentally safe sterilization and disposal of medical, biological, liquid and food waste and for the recovery of usable byproducts from other organic sources. EWS continues to explore other applications for its technology. Please visit EWS's home page on the Internet at: www.ewmc.com.

WARNING: The Company relies upon litigation protection for "forward–looking" statements.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Environmental Waste International Inc.
    Dr. Stephen Simms
    (905) 686-8689