AJAX, ONTARIO–(Marketwired – June 28, 2017) – Environmental Waste International Inc. (“EWI”) (TSX VENTURE:EWS) (the “Company”), a company specializing in eco-friendly systems with proven patented technology for the breakdown of organic materials, today announced the results from its Annual and Special Shareholders’ Meeting held on June 27, 2017 in Toronto, Ontario.
The following proposals were approved during the meeting.
- The number of Board members was fixed at seven (7);
- All of management’s nominees for the Company’s Board of Directors, Sam Geist, Emanuel Gerard, Bob MacBean, Valdis Martinsons, Glenn Myers, Paul Orlin and Bob Savage were elected;
- MNP, LLP, were re-appointed as the Company’s auditors. ;
- The shareholders ratified the existing 10% rolling stock option plan. Under the plan, a maximum of 10% of the issued and outstanding Common Shares at the time of the grant are authorized to be issued;
- A special resolution was passed authorizing the Board of Directors of the Corporation, that if deemed appropriate, to consolidate the Common Shares of the Corporation on the basis of one (1) new Common Share for up to ten (10) old Common Shares, and amend the Corporation’s Articles accordingly; and
- A resolution was passed ratifying By-Law Number 1 and By-Law Number 2 of the Corporation, which were adopted by the board of directors on March 22, 2017.
The Company also issued stock options to Board members (50,000 to Sam Geist, 200,000 to Emanuel Gerard, 300,000 to Bob MacBean, 125,000 to Valdis Martinsons, 25,000 to Glenn Myers, 150,000 to Paul Orlin and 150,000 to Bob Savage), 150,000 to Steve Kantor, Chief Technical Officer, 25,000 to Michelle McDonald, Secretary, and 225,000 to other employees. All stock options were issued with an exercise price of $0.10, vesting over 3 years with an expiry date of June 27, 2022.
About Environmental Waste International Inc.
Environmental Waste International, Inc. specializes in eco-friendly systems for the breakdown of organic materials such as tires. EWI has spent over fifteen years engineering systems that integrate the EWI patented Reverse Polymerization™ process and proprietary microwave delivery system. EWI’s unique microwave technology safely processes and recycles waste tires, while creating a highly valuable commodity output for the 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 gasses. 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.
Bob MacBean
CEO
(905) 686-8689 or (800) 399-2366
Bob.macbean@ewmc.com
www.ewi.ca