BacTech Investor Exercises 1 Million Warrants

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(TheNewswire)



 

September 25, 2018 / TheNewswire / Toronto, Canada

BacTech Environmental Corporation (“BacTech” or the Company”),(CSE:BAC, OTC:BCCEF) today announced that a significant shareholder, 1988097 Ontario Inc., has exercised 1 million common share purchase warrants at $0.05 providing $50,000 in capital to BacTech. The shareholder still retains 13,285,714 common share purchase warrants that expire on June 19, 2020. After conversion of the 1 million warrants 1988097 Ontario Inc will control 15,285,714 common shares of the Company or 17.3% of the outstanding shares.

 

The Company also announced that it expects to release results from the current metallurgical studies being carried out by Met-Solve shortly. The test work is in the final stages of completion with the optimal flow sheet being finalized.

 

Readers are reminded that the plant at Telamayu will not be a bioleach facility. It is anticipated that conventional processing equipment for recovering metal in the tailings will be employed. In addition, the processing of tailings should reduce acid rock generation in the tailings.

 

Project Overview

 

The Telamayu project involves the environmental remediation of the “Antiguo” tailings with an option on the larger “Nuevo” tailings, both situated at the Telamayu mill site near the town of Atocha in the Department of Potosi in Bolivia.

The existing Telamayu mill concentrator has generated the Antiguo and Nuevo tailings by processing mineralized material from the surrounding mines for over 80 years. There is considerable infrastructure at the mill site including high voltage power, rail, mill housing, and a local workforce.

For further information contact: Ross Orr, President & CEO
BacTech Environmental Corporation/ 416-813-0303 ext. 222
Email: [email protected]

Lalli Marrato, Investor Relations: 647-669-7646, 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 tailings 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 disclaims, 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: 88,143,756

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.

     

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