EarthRenew Closes Over-Subscribed Private Placement

TORONTO, Oct. 20, 2021 (GLOBE NEWSWIRE) — EarthRenew Inc. (CSE: ERTH; OTCQB: VVIVF) (“EarthRenew” or the “Company”) is pleased to announce the successful, over-subscribed closing of its previously announced, non-brokered private placement of 7,100,000 units (each a “Unit”), at a price of $0.20 per Unit, for gross proceeds of $1,420,000.00 (collectively, the “Offering”). The private placement was initially announced on October 13th, 2021, and contemplated raising gross proceeds of $1,100,000.00 Each Unit consists of one common share of the Company (each, a “Common Share”) and one Common Share purchase warrant (each, a “Warrant”). Each Warrant entitles the holder to acquire one Common Share, at an exercise price of $0.20 per Common Share, for a period of six (6) months from the date of issuance. For more information on the Offering, please see the Company’s press release dated October 13, 2021, which is available under the Company’s profiles on SEDAR at and

All securities issued in connection with the Offering will be subject to a statutory hold period of four months and one day. The Company intends to use the net proceeds of the Offering for expanding the fertilizer production capacity of its existing facilities and for general working capital purposes. No finder’s fees were paid in connection with the Offering.

Cautionary Note Regarding Forward-Looking Information

This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the Offering, such as the expected use of the net proceeds of the First Tranche. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; regulatory risks; and other risks of the energy and fertilizer industries. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

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