Toronto, Canada, July 9, 2012 – BacTech Environmental Corporation (“BEC” or the “Company”, CNSX: BAC, OTC: BCCEF, WKN: A1H4TY) today announced that it has engaged the services of Venture North Capital Inc. (“Venture North”) to provide investor relations and shareholder communications services, effective immediately. In connection with the engagement, Venture North has been awarded a consulting contract paying $3,500 per month, and has been granted, pursuant to the Company’s stock option plan, 75,000 stock options at a price of $0.20. The options will vest quarterly over one year and are subject to regulatory approval.
The Company also announced that, pursuant to the Company’s stock option plan, the Board of Directors has approved the issuance of an additional 1,425,000 options to purchase common shares of the Company to directors, officers, employees and consultants of the Company. The exercise price of the options is $0.20. They are subject to a four-month hold and have a term of 5 years.
The total number of outstanding options under the Company’s plan is now 3,500,000 or approximately 9% of the outstanding shares.
BacTech Environmental Corporation holds the perpetual, exclusive, royalty-free rights to use the patented BACOX bioleaching technology for the reclamation of tailings and mining waste materials. In November 2011, BacTech signed a contract with the Mines Branch of the Manitoba Department of Innovation, Energy and Mines, to remediate an arsenopyrite gold stockpile situated at the Snow Lake Mine in Snow Lake, Manitoba. The Company continues to field enquiries globally with respect to additional opportunities for remediation.
For further information contact:
Ross Orr, President & CEO
BacTech Environmental Corporation: 416-813-0303 ext 222
Bill Mitoulas, Investor Relations
Shares outstanding 39,088,361
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.