Consolidated Envirowaste Completes Going-Private Transaction
26 Febbraio 2010 - 11:38PM
Marketwired
Consolidated Envirowaste Industries Inc. (TSX VENTURE: CWD) (the
"Company") is pleased to announce that its going-private
transaction was successfully completed today pursuant to a plan of
arrangement (the "Arrangement") involving the Company, its
shareholders and 0865273 B.C. Ltd., a company owned by James Darby
("Darby"), Douglas Halward ("Halward") and their spouses
(collectively, the "Acquiring Shareholders"). In accordance with
the Arrangement, the Acquiring Shareholders acquired all of the
shares of the Company not already owned or controlled by them.
Darby is a director and the Chairman and Chief Executive Officer
of the Company. After giving effect to the Arrangement, Darby and
his spouse collectively beneficially own or control, directly or
indirectly, 6,441,507 Shares, representing 61.85% of the Company's
issued and outstanding Shares.
Halward is a director and the President of the Company. After
giving effect to the Arrangement, Halward and his spouse
collectively beneficially own or control, directly or indirectly,
3,973,192 Shares, representing 38.15% of the Company's issued and
outstanding Shares.
The shares were acquired in a going-private transaction for
investment purposes. The Company's shares will now be de-listed
from the TSX Venture Exchange, and the Company is making
application to the applicable securities regulatory authorities for
an order that it has ceased to be a reporting issuer.
On behalf of the Board of Directors
CONSOLIDATED ENVIROWASTE INDUSTRIES INC.
Douglas Halward
On behalf of the Acquiring Shareholders
James Darby
Douglas Halward
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Consolidated Envirowaste Industries Inc. Doug Halward
604-856-6836
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