Toronto, Canada, October 15, 2013 – BacTech Environmental Corporation (“BacTech” or the “Company”, CNSX: BAC, OTC PINK: 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.
For further information contact:
Ross Orr, President & CEO
BacTech Environmental Corporation
416-813-0303 ext 222
Bill Mitoulas, Investor Relations