BacTech Provides Capital Structure Update
BacTech Provides Capital Structure Update
March 16, 2021
Toronto, Canada- BacTech Environmental Corporation (“BacTech” or the
“Company”)(CSE:BAC,OTC:BCCEF) today announced a series of transactions with respect to
common share purchase warrants and common share stock options of the Company.
A total of 2,150,000, less the ones exercised noted below, of common share stock options
expired on March 15, 2021 with an exercise price of $0.07 per share. To replace these the
Company will issue 2,200,000 new common share stock options with an exercise price of $0.12
per share and a term of 5 years to insiders and consultants. In the weeks leading up to the
expiry of the 2,150,000 stock options, a total of 1,100,000 common share stock options were
exercised under the old plan at $0.07 providing a cash infusion of $77,000 to the Company.
BacTech also reports that a total of 2,879,500 common share purchase warrants were exercised
recently adding an additional $143,975 to the treasury.
BacTech also issued common share purchase warrants to certain individuals who previously
agreed to extend their debentures for up to two years. A total of 8,444,000 warrants with an
exercise price of $0.05 per warrant were issued with staggered expiry dates in 2022.
It is BacTech’s intention to redeem these debentures either through repayment or conversion
into common shares of the Company.
ABOUT BACTECH
BacTech is promoting the use of its proprietary bioleach processing technology to treat historic
arsenopyrite concentrates and tailings produced in the Ponce Enriquez area of Southern
Ecuador. The Company is also awaiting the reduction in government imposed Covid restrictions
in Colombia where BacTech will investigate a gold/platinum tailings project.
For further information contact:
Ross Orr,
President & CEO, BacTech Environmental Corporation
416-813-0303 ext. 222,
Cell 416-346-5529 and
Email: [email protected]
Website: www.bactechgreen.com
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 http://www.youtube.com/user/bactechgreen
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 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: 132,310,538
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.
This press release does not constitute an offer to sell or a solicitation of an offer to buy any of
the shares, nor is it a solicitation of interest from a prospective investor.