SYS-CON MEDIA Authors: Jason Bloomberg, Kevin Benedict, David H Deans, RealWire News Distribution, Gilad Parann-Nissany

News Feed Item

BacTech Arranges Unit Financing

TORONTO, CANADA -- (Marketwired) -- 10/15/13 -- BacTech Environmental Corporation ("BacTech" or the "Company") (CNSX:BAC)(OTC:BCCEF)(WKN: A1H4TY) is pleased to announce that it has arranged a $100,000 private placement of Common Share units.

BacTech will issue 1,000,000 units at $0.10 per unit. Each unit is comprised of one (1) common share of BacTech and one (1) Series G common share purchase warrant enabling the holder to buy an additional common share for three (3) years after closing of the financing. The Common Shares and Warrants will be subject to a four month hold period.

Insiders or consultants of the Company have committed to purchase 40% of the financing. The proceeds will be used to progress the Snow Lake project and for working capital.

BacTech Environmental Profile

BacTech owns the exclusive, perpetual, royalty-free rights to use the BACOX bioleach technology for the reclamation of historic mine tailings globally. The Company's flagship project is the remediation of the arsenic/gold stockpile at Snow Lake under contract with the Manitoba government.

Follow us on:

Facebook http://www.facebook.com/BacTechGreen

Twitter http://twitter.com/BacTechGreen

LinkedIn http://www.linkedin.com/company/1613873

Youtube http://www.youtube.com/user/bactechgreen

Shares outstanding 48,755,027

The Canadian National Stock Exchange (CNSX) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.