AJAX, ONTARIO--(Marketwire - March 14, 2013) - Environmental Waste International Inc. (EWS) (TSX VENTURE:EWS) (the "Company") announced that it closed a non-brokered private placement of 4,425,000 units ("Units") raising proceeds of $885,000. Each Unit sold for $0.20 and consisted of one common share and one two year Warrant to purchase half of one common share. Two Warrants entitle the purchase of one common share at an exercise price of $0.35. The proceeds will be used for general working capital purposes.
EWS has designed systems for the breakdown and recovery of usable by-products from several organic materials, including rubber tires, and for the sterilization of medical, animal, liquid and food waste. EWS continues to explore other applications for its technology. Please visit the EWS website at www.ewmc.com.
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 Management Discussion & Analysis, dated November 29, 2013 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.