Deal sells 10 million common shares to fund working capital purposes
By Devika Patel
Knoxville, Tenn., Sept. 17 – Environmental Waste International Inc. said it settled a C$1 million private placement of stock.
The company sold 10 million common shares at C$0.10 apiece, which is identical to the Sept. 16 closing share price.
Proceeds will be used for general working capital purposes.
Ajax, Ont.-based Environmental Waste has designed services for the safe disposal or recycling of used tires, liquid biological waste systems, food waste, medical waste and animal waste.
| Issuer: | Environmental Waste International Inc.
|
| Issue: | Common shares
|
| Amount: | C$1 million
|
| Shares: | 10 million
|
| Price: | C$0.10
|
| Warrants: | No
|
| Settlement date: | Sept. 17
|
| Stock symbol: | TSX Venture: EWS
|
| Stock price: | C$0.10 at close Sept. 16
|
| Market capitalization: | C$11.58 million
|
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