Environmental Waste International Inc. announced a private placement of 100,000,000 units at a price of CAD 0.05 per unit for gross proceeds of CAD 5,000,000 on March 1, 2023. Each unit consists of one common share and one share purchase warrant. Each warrant expires two years from the closing and has an exercise price of CAD 0.20.

There is no finder's fee to be paid in connection with the financing. Each investor will also purchase shares of EWS for CAD 0.02 per share from a director of EWS, in a private transaction expected to close concurrently with the financing. The closing of the offering will be subject to receipt of all required regulatory and TSX Venture Exchange approvals.