TSX-V: EWK
VANCOUVER, BC, Nov. 16,
2023 /CNW/ - Earthworks Industries Inc. ("the
Company" or "EWK") wishes to report that in connection with the
previously announced closing of EWK's commercially reasonable
efforts private placement offering dated November 2, 2023 of an aggregate of 7,500,000
units, EWK paid a corporate finance fee to Haywood Securities Inc.,
as lead agent under the offering, in the amount of C$120,000, which was paid 25% in cash (in an
amount totaling C$36,000, inclusive
of taxes) and 75% in the form of units (for a total of 450,000
units), on the same terms as the units sold under the offering.
The Company has also granted 550,000 share purchase options to a
director, an advisor and a consultant of the Company. The options
will be exercisable until November 30,
2025 at a price of C$0.25 per
share.
Neither the 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 News Release.
SOURCE Earthworks Industries Inc.