BacTech Environmental Corporation  (CSE: BAC) (OTCQB: BCCEF) announced the second closing of its ongoing unit financing. As of today, subscription agreements and funds totaling $656,700 have been received, with the goal of raising $1 million in this round of financing. BacTech will issue 6,500,000 common shares and 6,500,000 common share purchase warrants in this closing. The total shares issued under both closings equals 13,134,000 common shares and an equal amount of common share purchase warrants. The Company paid $4,800 in finder’s fees and issued 96,000 finder’s warrants. Insiders of the Company purchased 1,384,000 units for gross proceeds of $69,200.

Each unit consists of one common share of BacTech and one, two-year warrant exercisable at $0.10. The warrant includes an acceleration clause. In the event the common shares trade at or above $0.20 for 10 consecutive trading days, as indicated on the CSE Exchange, the Company shall have give notice by way of a press release that the Warrants’ expiry date will expire 20 trading days thereafter. The announcement of the financing was contained in a press release dated February 28, 2025.

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.