BacTech Private Placement February 2025
BACTECH ANNOUNCES CAPITAL RAISE
TORONTO, ON, February 28, 2025 – BacTech Environmental Corporation (“BacTech”) (CSE:
BAC, OTCQB: BCCEF) is pleased to announce that it has secured confirmations totaling
$531,700 through a non-brokered unit financing. The first closing will be completed on Tuesday,
March 4, 2025.
Each unit in the financing is priced at five cents ($0.05) and includes a full warrant, allowing the
holder to purchase an additional common share at ten cents ($0.10) per share for up to two years
from the closing date. There is an acelerator clause whereby the Company can acelerate the
exercise of the warrants in the event the price of the stock trades in excess of $0.20 for 20
consecutive trading days.
The proceeds will be used for general corporate expenses and to accelerate the search for suitable
company-owned tailings and/or concentrates globally. Funds will also be allocated to the
Sudbury R&D project to advance the filing of a final patent on the Company’s “Zero Waste”
initiative.
“We continue to present our Ecuador bioleach project to interested parties,” said Ross Orr,
President and CEO of BacTech. “With the recent surge in gold prices, the volume of inquiries
has increased significantly. We are also seeing a growing number of tailings projects with high
arsenic content in need of remediation,” Orr added.
Insiders of the Company purchased units in the amount of $59,200 or 1,184,000 units.
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 tra ded 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:
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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”, “intend s”, “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 t o 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.