Announces First Closing of Private Placement
BacTech Announces First Closing of Private Placement
Toronto, Canada July 26, 2019
BacTech Environmental Corporation (“BacTech” or the “Company”) (CSE:BAC, OTC:BCCEF)
today announced that it has closed the first tranche of a $125,000 private placement.
The private placement is a unit financing consisting of one common share of the company and
one-half (1/2) of a common share purchase warrant. One full warrant enables the holder to
purchase one additional common share of the company at $0.05 for a period of 2 years from
closing.
The first closing of the financing totals $75,000. It is expected that the second closing will occur
within 2 weeks. Proceeds of the financing will be used for general corporate purposes. Investors
interested in participating in the financing should contact the Company directly.
Company Overview
The Telamayu project involves the environmental remediation of the “Antiguo” tailings with an
option on the larger “Nuevo” tailings, both situated at the Telamayu Mill site near the town of
Atocha in the Department of Potosi, Bolivia.
The existing Telamay u mill concentrator has generated the Antiguo and Nuevo tailings by
processing mineralized material from the surrounding mines for over 80 years. There is
considerable infrastructure at the mill site including high voltage power, rail, mill housing, and a
local workforce.
A second project entails BacTech investigating the use of bioleach processing to treat historic
arsenopyrite concentrates and tailings produced in the Ponce Enriquez area of Southern Ecuador.
For further information contact: Ross Orr, President & CEO, BacTech Environmental Corporation/
416-813-0303 ext. 222, Cell 416-346-5529 and
Email: [email protected]
Robin Cook, Investor Relations: 416-809-1738, Email: [email protected]
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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 future tailings sites, sampling or other investigati ons of tailing
sites, the Company’s ability to make use of infrastructure around tailings sites or operating
performance of the Company and its projects. Often, but not always, forward-looking statements
can be identified using words such as “plans”, “expe cts”, “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 because 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.
Shares outstanding: 96,903,756
The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for
the adequacy or the accuracy of the contents of this release.