BacTech Arranges Unit Financing
October 15 2013 - 3:15PM
Marketwired Canada
BacTech Environmental Corporation ("BacTech" or the "Company")
(CNSX:BAC)(OTC:BCCEF)(WKN: A1H4TY) is pleased to announce that it has arranged a
$100,000 private placement of Common Share units.
BacTech will issue 1,000,000 units at $0.10 per unit. Each unit is comprised of
one (1) common share of BacTech and one (1) Series G common share purchase
warrant enabling the holder to buy an additional common share for three (3)
years after closing of the financing. The Common Shares and Warrants will be
subject to a four month hold period.
Insiders or consultants of the Company have committed to purchase 40% of the
financing. The proceeds will be used to progress the Snow Lake project and for
working capital.
BacTech Environmental Profile
BacTech owns the exclusive, perpetual, royalty-free rights to use the BACOX
bioleach technology for the reclamation of historic mine tailings globally. The
Company's flagship project is the remediation of the arsenic/gold stockpile at
Snow Lake under contract with the Manitoba government.
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Shares outstanding 48,755,027
The Canadian National Stock Exchange (CNSX) has not reviewed and does not accept
responsibility for the adequacy or the accuracy of the contents of this release.
FOR FURTHER INFORMATION PLEASE CONTACT:
BacTech Environmental Corporation
Ross Orr
President & CEO
416-813-0303 ext 222
info@bactechgreen.com
BacTech Environmental Corporation
Bill Mitoulas
Investor Relations
416-479-9547
billm@bactechgreen.com
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