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Environmental Waste International Inc. (TSXV: EWS), a leader in eco-friendly systems, specializes in breaking down organic materials like tires. With over 15 years of experience, they have developed patented Reverse Polymerization™ technology and a unique microwave delivery system. This technology efficiently recycles waste tires, producing valuable commodities such as carbon black, oil, and steel. Each system is designed to be environmentally friendly, energy-efficient, and financially rewarding for operators.
Environmental Waste International (EWS) has completed its previously announced acquisition by Hydrotrux Group . The arrangement, which received approximately 98.5% approval from EWS securityholders on November 20, 2024, and final court approval on November 26, 2024, involves Hydrotrux acquiring 100% of EWS's issued and outstanding common shares. Under the terms, each EWS share was paid $0.0035 in cash. As a result, EWS will be delisted from the TSX Venture Exchange, and Hydrotrux will seek to have EWS cease being a reporting issuer under Canadian securities laws.
Environmental Waste International (TSXV: EWS) announced that securityholders have overwhelmingly approved the acquisition plan by Hydrotrux Group The arrangement received 98.5% approval from Company securityholders and 98.7% from shareholders. Under the deal, Hydrotrux will acquire all outstanding EWS common shares for C$0.0035 per share in cash. The Ontario Superior Court of Justice has granted final approval, with the transaction expected to close around November 28, 2024.
Environmental Waste International (TSXV: EWS) has mailed its management information circular and proxy materials to securityholders regarding the annual and special meeting scheduled for November 20, 2024. The meeting aims to approve the previously announced acquisition by Hydrotrux Group of 100% of EWS's outstanding shares through a statutory plan of arrangement. Under the agreement dated September 30, 2024, shareholders will receive C$0.0035 in cash per share. The company's Board has unanimously recommended the arrangement, and detailed information about the transaction is available in the circular on the company's website and SEDAR+.
Environmental Waste International Inc. (TSXV: EWS) has issued a correction to its September 30, 2024 news release regarding a go-private transaction with Hydrotrux Group The correction pertains to the contact information provided in the original release. Specifically, the telephone number for the contact person has been updated to (800) 399-2366. The company emphasizes that this correction does not materially affect the content of the original news release about the going-private transaction.
The updated contact information for further inquiries is as follows:
Kelli Harrington, CEO
(800) 399-2366
kelli.harrington@ewi.ca
www.ewi.ca
Environmental Waste International Inc. (TSXV: EWS) has announced a go-private transaction with Hydrotrux Group The deal involves Hydrotrux acquiring all outstanding EWS shares for C$0.0035 per share. This transaction is the result of a strategic review initiated in February 2022 to address EWS's liquidity issues and capital needs for its Sault Ste. Marie pilot plant.
The transaction requires approval from 66⅔% of shareholders and securityholders at a special meeting on November 20, 2024. All outstanding options and warrants will be exercised or cancelled, while RSUs will receive the same consideration as shareholders. Hydrotrux currently owns 9.9% of EWS shares, and voting support agreements represent 52.6% of outstanding shares.
Upon completion, EWS will be delisted from the TSX Venture Exchange and cease to be a reporting issuer. The Board unanimously approved the transaction, with Origin Merchant Partners providing a fairness opinion.
Environmental Waste International (TSXV: EWS) has announced the resignation of Ramy Taraboulsi from its board of directors. The company stated that Taraboulsi's departure is due to personal reasons. EWS, based in Whitby, Ontario, has indicated that it will consider filling the vacancy created by this resignation when a suitable candidate is identified.
Environmental Waste International (TSXV: EWS) announced the completion of a non-brokered private placement, raising $660,000 through the issuance of 33,000,000 common shares priced at $0.02 per share. No fees were paid for this offering, and the securities are subject to a statutory hold period ending on October 1, 2024. The raised funds are designated for general corporate purposes. The company also stated that it will not proceed with the private placement offering announced on December 19, 2023. This new offering is subject to TSX-V acceptance of regulatory filings.
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