Interim Filings for March 31 2020
BacTech Update on First Quarter Results
May 29, 2020,
Toronto, Canada. BacTech Environmental Corporation (“BacTech or the Company”) (CSE:BAC,
OTC:BCCEF) announced that, as a result of the COVID -19 pandemic, it will be relying on the
coordinated relief provided by the securities regulators which consists of a 45- day extension for
certain periodic filings, as announced by the Canadian Securities Administrators (“CSA”) on
March 18, 2020, with respect to the filing of its first quarter interim financial statements,
management's discussion and analysis, and related officer certificates for its three month ended
March 31, 2020.
On March 18, 2020, the Canadian Securities Administrators (“CSA”) announced they would be
providing issuers with a 45 -day extension for filings required to be made on or prior to June 1,
2020 as a result of the COVID-19 pandemic. As such, the Ontario Securities Commission (“OSC”)
Requirements (“OSC 51-502”). More specifically, the Company intends to postpone the filing of
its three month financial statements and accompanying management’s dis cussion and analysis
and related CEO and CFO certificates for the financial period ended March 31, 2020 which are
required to be filed by June 1, 2020, under sections 4.2 and 5.1(2) of National Instrument 51-102
– Continuous Disclosure Obligations.
The Company confirms that there have been no material developments, other than those
disclosed through news releases, since the filing of its annual year end consolidated financial
statements for the year ended December 31, 2019. The Company would like to note that it has
filed a Regulation A offering memorandum in the United States and continues with this process.
Should material business developments occur, the Company will update shareholders
accordingly.
The Company is continuing to work diligently and expeditiously to file the interim f ilings and
currently expects to have them filed shortly.
Additionally, the Company advises that management and other insiders of the Company are
subject to a trading black-out policy as described, in principle, in section 9 of National Policy 11 -
207, Failure to-File Cease Trade Orders and Revocations in Multiple Jurisdictions.
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.
BacTech has agreed to participate with a group looking to reprocess the Arsenic Stockpile in Snow
Lake, Manitoba as a technology partner.
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 ta ilings 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 disclai ms, 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: 105,420,423
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.