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    BacTech Closes Additional Tranche of Private Placement

    Investing News Network
    Aug. 15, 2016 09:18AM PST
    Base Metals Investing

    TORONTO, CANADA–(Marketwired – Aug. 15, 2016) – BacTech Environmental Corporation (“BacTech” or the “Company”), (CSE:BAC)(OTC PINK:BCCEF)(WKN:A1H4TY), today announced that it has completed an additional closing for the CAD$500,000 private placement announced on May 31, 2016. BacTech will continue to announce closings as they occur. The current tranche was for $308,000 and resulted in the issuance …

    TORONTO, CANADA–(Marketwired – Aug. 15, 2016) – BacTech Environmental Corporation (“BacTech” or the “Company”), (CSE:BAC)(OTC PINK:BCCEF)(WKN:A1H4TY), today announced that it has completed an additional closing for the CAD$500,000 private placement announced on May 31, 2016.
    BacTech will continue to announce closings as they occur. The current tranche was for $308,000 and resulted in the issuance of 7,700,000 common shares and 7,700,000 warrants. The warrants are exercisable at $0.10 for 2 years from closing. This brings the total amount raised for the $500,000 private placement to $369,000.
    With the proceeds raised to date, the Company will initiate the drill program at the Telamayu tailings project in Bolivia to provide fresh material for assays of gold, silver, copper, tin and rare earths, as well as metallurgical studies as outlined in the Company’s press release dated July 6, 2016.
    Company Profile
    BacTech Environmental Corporation holds the perpetual, exclusive, royalty-free rights to use the patented BACOX bioleaching technology for the reclamation of tailings and mining waste materials. The Company’s principle focus is a high-grade silver/copper tailings project called Telamayu, located in Atocha, Bolivia, in association with COMIBOL, the state mining group. The Company signed an MOU with Duran Ventures Inc. to explore the viability of building a BACOX plant in Peru to treat high-grade gold/arsenic ores. Investigation has begun to identify similar opportunities in Ecuador. The Company continues to field enquiries globally with respect to additional opportunities for remediation, including licensing transactions for the technology.
    Follow us on:
    Facebook https://www.facebook.com/BacTechGreen
    Twitter https://twitter.com/BacTechGreen
    LinkedIn https://www.linkedin.com/company/1613873
    Vimeo https://vimeo.com/bactechgreen
    YouTube https://www.youtube.com/user/bactechgreen
    Shares outstanding 51,618,944
    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.
    BacTech Environmental Corporation
    Ross Orr
    President & CEO
    416-813-0303 ext 222
    borr@bactechgreen.comBacTech Environmental Corporation
    Bill Mitoulas
    Investor Relations
    416-479-9547
    billm@venturenorthcapital.com
    canadaprivate placementcse:bac
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