Earthworks Industries Inc. (the “Company”) is pleased to report that is has now closed its $375,000 non brokered Private Placement as announced in a news release dated April 1, 2025. The Company initiated the sale of up to 7.5 million Units at $0.05 per unit with a Warrant entitling the purchase of one additional share of the Company for $0.10, exercisable for 2 years.
The second tranche closing of 2,250,000 Units for gross proceeds of $112,500 has resulted in a full subscription of $376,000. On May 22, 2025, a first tranche was announced to close 5,270,000 units for gross proceeds of $263,500.
The Placement includes sales to four Directors of a total of 2,370,000 Units.
With respect to the Unit sales, the Company will pay finders fees or commissions of 8% cash on some of the placements, totaling $1,400.
The placements are subject to acceptance for filing by the TSX Venture Exchange.
As the Company continues to advance in the industry, it thanks its shareholders for their continuing support and looks forward to acting upon the tremendous opportunities in the waste industry for proper handling practices at additional locations that align with the highest of standards from an environmental perspective.
For further information, contact:
Earthworks Industries Inc.
David Atkinson
President/CEO
604-669-3143
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.