BacTech Closes second Tranche of Private Placment
BacTech Environmental Corporation Announces Second Closing of
Unit Financing
Toronto, March 31, 2025
BacTech Environmental Corporation (“BacTech” or the “Company”) (CSE: BAC, OTCQB:
BCCEF) today announced the second closing of its ongoing unit financing. As of today,
subscription agreements and funds totaling $656,700 have been received, with the goal of raising
$1 million in this round of financing. BacTech will issue 6,500,000 common shares and
6,500,000 common share purchase warrants in this closing. The total shares issued under both
closings equals 13,134,000 common shares and an equal amount of common share purchase
warrants. The Company paid $4,800 in finder’s fees and issued 96,000 finder’s warrants.
Insiders of the Company purchased 1,384,000 units for gross proceeds of $69,200.
Each unit consists of one common share of BacTech and one, two-year warrant exercisable at
$0.10. The warrant includes an acceleration clause. In the event the common shares trade at or
above $0.20 for 10 consecutive trading days, as indicated on the CSE Exchange,
the Company shall have give notice by way of a press release that the Warrants’ expiry date will
expire 20 trading days thereafter. The announcement of the financing was contained in a press
release dated February 28, 2025.
About BacTech Environmental Corporation
BacTech Environmental Corporation is a company that specializes in environmental technology.
We use a process called bioleaching to recover metals like gold, silver, cobalt, nickel, and copper,
while also safely removing harmful contaminants like arsenic. This process is eco -friendly and
uses naturally occurring bacteria that are safe for both humans and the environment. By using our
proprietary method of bioleaching, we can neutralize toxic concentrates and tailings while also
creating profitable opportunities. The company is publicly traded on several stock exchanges,
including the CSE, OTCQB, and Frankfurt Stock Exchange.
For further information contact:
Ross Orr
President & CEO, BacTech Environmental Corporation
416-813-0303 ext. 222,
Email: [email protected]
Website: https://bactechgreen.com/
Investor Presentation: https://bactechgreen.com/investors/
Follow us on:
Facebook http://www.facebook.com/BacTechGreen
Twitter http://twitter.com/BacTechGreen
LinkedIn http://www.linkedin.com/company/1613873
Vimeo http://vimeo.com/bactechgreen
YouTube https://www.youtube.com/channel/UCBgXr3ej2_BMOtoeFoKIgEg
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 investigations 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”, “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 for ward-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.
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.