Montreal, Quebec--(Newsfile Corp. - February 24, 2016) - Earth Alive Clean Technologies Inc. (CSE: EAC) ("Earth Alive") announces that Mr. David Gilmour, it's CEO and Director, has filed a Notice of Intent to Distribute Securities (Form 45-102F1) on SEDAR in relation to a private share purchase agreement pursuant to which he intends to sell 4,800,000 common shares he holds in Earth Alive, at the price of 0.35$ each, to Investissement Influx Anse Inc., a Corporation (previously known as Investissement One Drop Inc.) that currently holds 15.41% (17.68% on a diluted basis) of Earth Alive's outstanding securities. Mr. Gilmour currently holds 29,969,071 shares, 32.04% (32.43% diluted basis).
An Early Warning Report in respect to this transaction and all required disclosure shall be made in accordance with Multilateral Instrument 62-104. The transaction will be subject to compliance with CSE requirements and securities legislation.
For additional company information, please visit: www.earthalivect.com
The CSE has neither approved nor disapproved the contents of this press release. The CSE does not accept responsibility for the adequacy or accuracy of this release.
| Earth Alive Clean Technologies Inc., | For more investor related information, |
| 1001, Lenoir Street, Suite B-338, | please contact: |
| Montreal (Qc) Canada | For media information and interview |
| H4C 2Z6 | requests, please contact: |
| T.(438) 333-1680 | Mr. David Gilmour |
| (e) dgilmour@earthalivect.com | |
| (p) 514-814-2899 | |
| For investor relations, please contact: | |
| Mr. Frédérick Chabot | |
| (e) frederick@contactfinanciel.com | |
| (p) 438-863-7071 |