Mr. David Gilmour reports
EARTH ALIVE CLEAN TECHNOLOGIES INC.: EARLY WARNING REPORT
One Drop Investments Inc. has acquired 3,214,286 common shares of Earth Alive Clean Technologies Inc. in a private transaction at the price of 15 cents each. As a result of the foregoing acquisition, One Drop Investments now has direct and indirect control and direction over 13,928,572 common shares of Earth Alive, representing approximately 17.01 per cent of the issued and outstanding 81,890,501 common shares of Earth Alive on a non-diluted basis.
The securities acquired will be held for investment purposes and One Drop Investments may, depending on market and other conditions, increase or decrease its beneficial ownership of Earth Alive's securities, whether in the open market, by privately negotiated agreements or otherwise.
The securities acquired, which form part of a control block held by David Gilmour, the president and chief executive officer of Earth Alive, will be subject to a hold period of four months and one day.
This press release is issued pursuant to National Instrument 62-104, which also requires a report to be filed with the applicable securities regulatory authorities concerning additional information with respect to the foregoing acquisition. An early warning report in respect of the transactions will be filed with the relevant Canadian securities regulatory authorities and copies of such reports may be obtained from SEDAR under Earth Alive's profile.
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