Earthworks Industries Inc. Announces Brokered Financing led by Haywood Securities and Extension of Debt Settlement Repayment Date

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Last update: Sep 22, 2023

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VANCOUVER, British Columbia, Sept. 21, 2023 (GLOBE NEWSWIRE) -- Earthworks Industries Inc. (TSXV: EWK) (the “Company”) is pleased to announce that it has entered into an agreement with Haywood Securities Inc. (“Haywood”) dated September 20, 2023 to act as lead agent and sole bookrunner on behalf of a syndicate of agents (collectively, the “Agents”) to assist the Company in selling on a commercially reasonable efforts private placement basis, units of the Company (each, a “Unit”) at a price of C$0.20 per Unit (the “Issue Price”) for gross proceeds of a minimum of C$4,000,000 (from the sale of 20,000,000 Units) and a maximum of C$5,000,000 (from the sale of 25,000,000 Units) (the “Offering”).