Toronto, Canada, February 3, 2011 – BacTech Environmental Corporation (“BacTech” or the “Company”, CNSX: BAC) announces that it has entered into an investor relations agreement with Stone Communication Services Limited (“SCS”) of Toronto, Ontario (the “Agreement”). SCS specializes in the execution of tailored, strategic communication programs for emerging companies and will introduce the Company to its network of brokers, analysts and portfolio managers. SCS is a wholly owned subsidiary of Stone Investment Group Limited.
The Agreement has an initial term of one year, pursuant to which SCS will provide investor relations services to the Company, including the development of strategies relating to investor awareness and fostering broker and analyst interest in the Company’s activities. As compensation for its services, SCS will receive a retainer fee of $5,000 per month, reimbursement for related expenses and a grant of 200,000 options to purchase common shares in the Company at a price of $0.20. The options will expire three years from the date of grant.
“Now that we have separated the environmental application of the technology from primary mining, we need to be able to identify potential investors who have a focus on environmental issues. This is a totally new shareholder group and with Stone’s assistance, we will strive to get our message out to them,” said Ross Orr, President & CEO of BacTech.
BacTech Environmental Corporation was created through a Plan of Arrangement completed on December 2, 2010, whereby shareholders of the former BacTech Mining Corporation (“BMC”), renamed REBgold Corporation, were issued, in exchange for their BMC shares, 1 share of REBgold Corporation and 1/5th of one share of BacTech Environmental. BacTech Environmental holds the exclusive rights to use REBgold’s patented bioleaching technology for reclamation of tailings and concentrate processing.
For further information contact:
Ross Orr, President & CEO
BacTech Environmental Corporation: 416-813-0303 ext 222
Stone Communication Services
Jason Stone, Investor Relations: 416-867-2533
Shares outstanding 29,246,773