Environmental Waste International Inc.: Amendment of Previously Issued Warrants
22 Janeiro 2014 - 7:25PM
Marketwired
Environmental Waste International Inc.: Amendment of Previously
Issued Warrants
AJAX, ONTARIO--(Marketwired - Jan 22, 2014) - Environmental
Waste International Inc. ("EWS") (TSX-VENTURE:EWS) (the "Company")
announces that it has received conditional approval from the TSX
Venture Exchange to amend the terms of 3,000,000 common share
purchase warrants issued on January 30, 2012 (the "Warrants"). Each
Warrant entitled the holder to acquire one common share of the
Company at an exercise price of $0.50 for a period of two years.
The amendment will result in 2.9 million of the Warrants being
cancelled with the remaining 100,000 Warrants being amended such
that the exercise price will be reduced to $0.21 and the expiry
date will be extended to January 30, 2016. Notwithstanding the
foregoing, if the closing price of the Company's common shares on
the TSX closes at $0.25 or higher for ten consecutive trading days,
the expiry of the Warrants will be accelerated to the 30th day
following such occurrence. All holders of the Warrants have
consented to the amendment.
About Environmental Waste International Inc.
Environmental Waste International, Inc. specializes in
eco-friendly systems for the breakdown of organic materials,
including tires. EWS has spent over 15 years engineering systems
that integrate the EWS patented Reverse Polymerization™ process and
proprietary microwave delivery system. EWS's unique microwave
technology safely processes and recycles waste tires, while
creating a highly valuable commodity output for industry, including
carbon black, oil and steel. Each unit is designed to be energy
efficient and where possible, create an economically positive model
for the recovery of various hydrocarbon oil and gases. For more
information please visit, www.ewi.ca.
Forward-Looking Statements
This news release includes certain forward-looking
statements that are based upon current expectations, which involve
risks and uncertainties associated with the Company's business and
the environment in which the business operates. Any statements
contained herein that are not statements of historical facts may be
deemed to be forward-looking, including those identified by the
expressions "anticipate", "believe", "plan", "estimate", "expect",
"intend", and similar expressions to the extent they relate to the
Company or its management. The forward-looking statements are not
historical facts, but reflect the Company's current expectations
regarding future results or events. These forward-looking
statements are subject to a number of risks and uncertainties that
could cause actual results or events to differ materially from
current expectations, including the matters discussed under "Risks
and Uncertainties" in the Company's most recent Management
Discussion & Analysis, which can be found on the Company's
profile at www.sedar.com. The Company assumes no obligation to
update the forward-looking statements, or to update the reasons why
actual results could differ from those reflected in the
forward-looking statements.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Environmental Waste International Inc.Dr. Daniel
KautePresident(905) 686-8689 or (800)
399-2366Daniel.kaute@ewmc.comwww.ewi.caAlliance Advisors, LLCValter
PintoInvestor Relations Contact(914) 669-0222
x201valter@allianceadvisors.net
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