Toronto, Canada, November 12, 2012 – BacTech Environmental Corporation (“BacTech” or the “Company”, CNSX: BAC, OTC PINK: BCCEF, WKN: A1H4TY) today announced that the Company’s shares have been approved for trading in the United States.
The Company received notice from its sponsoring broker, Pennaluna and Company (“Pennaluna”), that its shares will be quoted on the OTC Pink Sheets in the U.S. as of November 8. Pennaluna will be the market maker for the common shares of BacTech, which will trade under the symbol “BCCEF”.
“This listing should lead to greater retail interest in our story in the United States through easier access to quotations in U.S. dollars. There is a large cleantech industry in the U.S., so our listing there will help our visibility”, said Ross Orr, President and CEO of BacTech.
Pennaluna & Company of Coeur d’Alene, Idaho, an 86-year-old FINRA broker-dealer (www.pennaluna.com), submitted the required filings in October. John Worrell is the trader/broker who co-ordinated this and may be contacted at 800-535-5329 for account information.
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 December 2011, BacTech signed a contract with the Mines Branch of the Manitoba Department of Innovation, Energy and Mines to remediate an arsenopyrite residue stockpile (“ARS”) situated at the Snow Lake Mine in Snow Lake, Manitoba, to eliminate further leaching of Arsenic generated within the ARS into the surrounding watershed. The Company continues to field enquiries globally with respect to additional opportunities for remediation.
Special Note Regarding Forward-Looking Statements
This news release contains “forward-looking information”, which may include, but is not limited to, statements with respect to the future capital investments, transactions projects or operations of the Company and its projects. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or believes” or variations (including negative variations) of such words and phrases, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved.
Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Forward-looking statements contained herein are made as of the date of this news release and the Company disclaims, other than as required by law, any obligation to update any forward-looking statements whether as a result of new information, results, future events, circumstances, or if management’s estimates or opinions should change, or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.
For further information contact:
Ross Orr, President & CEO
BacTech Environmental Corporation: 416-813-0303 ext 222
Bill Mitoulas, Investor Relations
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.