James Darby

Douglas Halward

December 15, 2006 20:11 ET

Individuals to Buy Shares in Consolidated Envirowaste Industries Inc.

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Dec. 15, 2006) - James E.H. Darby of North Vancouver, BC has acquired beneficial ownership of 332,233 common shares, Elizabeth Darby of North Vancouver, BC has acquired beneficial ownership of 1,038,664 common shares, and Douglas R. Halward of Port Moody, BC has acquired beneficial ownership of 400,000 common shares, of Consolidated Envirowaste Industries Inc. ("Envirowaste"). The shares were acquired in a private transaction.

Mr. and Mrs. Darby and Mr. Halward have filed the required report with respect to the acquisition with the securities regulatory authorities. For a copy of the report, please contact Mr. Halward at 604.856.6221.

Before the acquisition, each of the following persons was the beneficial owner of the number of common shares of Envirowaste, representing the percentage of the outstanding common shares of Envirowaste, set opposite his or her name:



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James E.H. Darby 1,833,866 17.6%
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Elizabeth Darby 769,196 7.4%
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Douglas Halward 1,103,825 10.6%
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Cynthia Halward 588,955 5.7%
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Although none of the listed parties has beneficial ownership, direction or control over the shares of Envirowaste held by his or her spouse, securities legislation deems spouses to be joint actors for purposes of reporting on acquisitions. Before the acquisition, Mr. and Mrs. Darby together had beneficial ownership, direction or control over 2,603,062 shares of Envirowaste, being approximately 25% of the outstanding common shares. Mr. and Mrs. Halward together had beneficial ownership, direction or control over 1,692,780 shares of Envirowaste, being 16.3% of the outstanding common shares.

As previously reported, Mr. Darby and Mr. Halward jointly entered into an agreement with RBC Equity Investments Inc. ("RBCEI"), pursuant to which they acquired an aggregate of 1,106,432 common shares of Envirowaste in September 2006 and agreed to acquire up to additional 518,234 shares on or before December 15, 2006. On December 15, 2006, they completed the purchase of the balance of those shares (118,234 of which were purchased by Mr. Darby and 400,000 of which were purchased by Mr. Halward).

Also on December 15, 2006, Mr. Darby and Mrs. Darby completed the purchase in private transactions of an aggregate of 1,252,663 common shares of Envirowaste from three shareholders as follows:

(a) 964536 Ontario Limited, an affiliate of Ontario Teachers Pension Plan, sold an aggregate of 417,500 shares, of which 213,999 were purchased by Mr. Darby and 203,501 were purchased by Mrs. Darby;

(b) Canadian Imperial Bank of Commerce sold an aggregate of 417,663 shares, all of which were purchased by Mrs. Darby; and

(c) Caisse de Depot et Placement du Quebec sold an aggregate of 417,500 shares, all of which were purchased by Mrs. Darby.

All four sellers were limited partners in Environmental Research and Development Limited Partnership ("ER&D"). Messrs. Darby and Halward, ER&D, an affiliate of RBCEI, and Envirowaste were parties to a shareholders' agreement dated September 24, 1996, a copy of which was previously filed on SEDAR by Envirowaste.

James Darby now has beneficial ownership, direction or control over an aggregate of 2,166,099 common shares, representing approximately 20.8% of the outstanding common shares of Envirowaste. Mr. Darby also owns incentive stock options of Envirowaste to purchase 190,000 common shares in the capital of Envirowaste exercisable until March 14, 2007 at $0.60 per share.

Elizabeth Darby now has beneficial ownership, direction or control over an aggregate of 1,807,860 common shares, representing approximately 17.4% of the outstanding common shares of Envirowaste.

Mr. and Mrs. Darby together have beneficial ownership, direction or control over an aggregate of 3,973,959 common shares, representing approximately 38.2% of the outstanding common shares of Envirowaste.

Douglas Halward now has beneficial ownership, direction or control over an aggregate of 1,503,825 common shares, representing approximately 14.4% of the outstanding common shares of Envirowaste. Mr. Halward also owns incentive stock options of Envirowaste to purchase 190,000 common shares in the capital of Envirowaste exercisable until March 14, 2007 at $0.60 per share.

Cynthia Halward has beneficial ownership, direction or control over an aggregate of 588,955 common shares, representing approximately 5.7% of the outstanding common shares of Envirowaste.

Mr. and Mrs. Halward together have beneficial ownership, direction or control over an aggregate of 2,092,780 common shares, representing approximately 20.1% of the outstanding common shares of Envirowaste.

The Darbys and Halwards together have beneficial ownership, direction or control over an aggregate of 6,066,739 common shares, representing approximately 58.3% of the outstanding common shares of Envirowaste.

The shares that are the subject of this report were acquired by Mr. and Mrs. Darby and Mr. Halward for investment purposes. None of Mr. Darby, Mrs. Darby nor Mr. Halward has any present intention to acquire ownership of, or control or direction over, additional securities of Envirowaste, although circumstances could change in the future.

While Mr. and Mrs. Darby and Mr. Halward acted jointly or in concert in connection with the acquisition of the shares that are the subject of this report, they do not intend to act jointly or in concert in the future with respect to the acquisition, disposition or voting of shares of Envirowaste.

"James Darby"

JAMES DARBY


"Douglas Halward"

DOUGLAS R. HALWARD


"Elizabeth Darby"

ELIZABETH DARBY

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