Environmental Waste International Inc. announced a private placement of 30,000,000 units at issue price of CAD 0.05 for gross proceeds of CAD 1,500,000 on January 6, 2023. Each unit consist 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.

No broker or finder fees are anticipated to be paid in connection with the financing. All securities issued pursuant to the financing will be subject to four months and a day statutory hold period. The financing is subject to TSX Venture Exchange acceptance of regulatory filings.