The Prospector News

BacTech Closes First Tranche of Unit Financing

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

BacTech Closes First Tranche of Unit Financing

 

 

 

 

 

BacTech Environmental Corporation (CSE: BAC) (OTC: BCCEF) (FSE: 0BT1) a commercially proven environmental technology company delivering eco-friendly bioleaching and remediation solutions for precious metal and critical mineral recovery, is pleased to announce the closing of the first tranche of a non-brokered private placement.

 

BacTech has price protection for this offering of 20,000,000 units at a price of C$0.05 per Unit for total gross proceeds up to $1,000,000. Each Unit consists of one common share of the Company and one common share purchase warrant.  Each Warrant shall entitle the holder to purchase one Common Share at a price of $0.10 up to 24 months from closing. In the event the common shares trade at or above $0.20 for 10 consecutive trading days, as indicated on the CSE Exchange, the Corporation shall give notice by way of a press release that the Warrants’ expiry date will expire 20 trading days thereafter.

 

Today, the Company closed the first tranche of the private placement with 6,634,000 units for gross proceeds of $331,700.  The company has issued 6,634,000 common shares and 6,634,000 share purchase warrants. Further to the Company’s earlier announcement, a second closing for an additional $200,000 will occur within the next two weeks. In connection with this private placement the Company paid finders’ fees of an aggregate $4,400 in cash and 96,000 broker warrants.  Each broker warrant shall entitle the holder to purchase one Common Share at a price of $0.10 up to 24 months from closing. In the event the common shares trade at or above $0.20 for 10 consecutive trading days, as indicated on the CSE Exchange, the Corporation shall have give notice by way of a press release that the Warrants’ expiry date will expire 20 trading days thereafter.

 

Insiders of the Company purchased 1,184,000 units for gross proceeds of  $59,200.

 

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.

 

Posted March 10, 2025

Share this news article

MORE or "UNCATEGORIZED"


ESGold Announces Closing of C$8.0 Million Brokered LIFE Offering

ESGold Corp. (CSE: ESAU) (FSE: Z7D) is pleased to announce the c... READ MORE

September 18, 2025

NevGold Announces Updated Open-Pit, Heap-Leach Gold Mineral Resource Including 1,186,000 ozs Indicated and 548,000 ozs Inferred At Nutmeg Mountain in Idaho

NevGold Corp.  (TSX-V:NAU) (OTCQX:NAUFF) (Frankfurt:5E50) is ple... READ MORE

September 18, 2025

Western Gold Intersects High-Grade Gold Within Its Newly Discovered Porphyry-Breccia Pipe at Ardlochan Prospect

WESTERN GOLD EXPLORATION LTD. (TSX-V: WGLD) is pleased to announc... READ MORE

September 18, 2025

Bayhorse Silver Closes Its Recently Announced 25 Million Unit Private Placement For Ongoing Work at The Bayhorse Silver Mine and IP Survey On Its Adjacent Pegasus Project, Idaho, USA

Bayhorse Silver Inc, (TSX-V: BHS) (OTCQB: BHSIF) (FSE: 7KXN) ann... READ MORE

September 18, 2025

The City of Duparquet and First Mining Gold Sign Historic Memorandum of Understanding for Community Development and Collaboration on the Duparquet Gold Project

The City of Duparquet and First Mining Gold Corp. (TSX: FF) (OTCQ... READ MORE

September 18, 2025

Copyright 2025 The Prospector News