The Prospector News

BacTech Environmental Closes $250,000 Convertible Debenture with Strategic Investor

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

BacTech Environmental Closes $250,000 Convertible Debenture with Strategic Investor

 

 

 

 

 

BacTech Environmental Corporation (CSE: BAC) (OTCQB: 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 report that the Company has closed a $250,0000 Convertible Debenture with an existing strategic investor who previously completed a $1.0 million convertible debenture on April 21, 2022.

The convertible debenture terms are the same as the prior debenture, now with the full principal balance of $1.25 million not due until September 4, 2024. The terms call for a conversion at $0.15 per share, at an annual interest rate of 8%.   The debenture extension was agreed to by the debenture holder for a 1% royalty of the Company’s Ecuador project — the same royalty as announced for the May 5, 2022, and February 28, 2022, private placements. The Company also notes an additional $6,600 was closed through the issuance of 100,000 shares on the previously announced private placement which closed on December 12, 2022.
About BacTech Environmental Corporation

 

BacTech is a proven environmental technology company, delivering effective and eco-friendly bioleaching and remediation solutions to commercial operations to process and recover preferred metals (gold, silver, cobalt, nickel and copper) smartly and safely remove and transform harmful contaminants like arsenic into benign EPA-approved products for landfill. Tapping into numerous environmental and economic advantages of its proprietary method of bioleaching, BacTech uses naturally occurring bacteria, harmless to both humans and the environment, to neutralize toxic mining sites with high-pay potential.

Posted March 14, 2023

Share this news article

MORE or "UNCATEGORIZED"


Silver Viper Closes Additional Tranche of Private Placement

Silver Viper Minerals Corp.  (TSX-V: VIPR) (OTC: VIPRF) is plea... READ MORE

March 25, 2023

G2 Goldfields Closes C$13.8 Million Bought Deal Public Offering

G2 Goldfields Inc. (TSX-V: GTWO) (OTCQX: GUYGF) is pleased to ann... READ MORE

March 25, 2023

Collective Metals Announces Closing of Non-Brokered Private Placement of Units

Collective Metals Inc. (CSE: COMT) is pleased to announce that th... READ MORE

March 24, 2023

Laramide Resources Ltd. Announces Results from the Diamond Drilling Program at its Crownpoint-Churchrock Uranium Project, New Mexico, U.S.A.

Laramide Resources Ltd. (TSX: LAM) (ASX: LAM) (OTCQX: LMRXF) is p... READ MORE

March 24, 2023

Marathon Gold Announces 2022 Fourth Quarter and Year-End Results

Marathon Gold Corporation (TSX: MOZ) announces its financial resu... READ MORE

March 24, 2023

We acknowledge the [financial] support of the Government of Canada.

Government of Canada Supported
Copyright 2023 The Prospector News