$1,000,000 Private Placement Proposal Announced by BacTech Environmental
A private placement of common share units has been proposed by BacTech Environmental Corporation (CNSX:BAC) to raise up to $1,000,000. At $0.20 per unit, BacTech will issue up to 5,000,000 units, with each unit consisting on one common share and one-half of a Series D common share purchase warrant.
A private placement of common share units has been proposed by BacTech Environmental Corporation (CNSX:BAC) to raise up to $1,000,000. At $0.20 per unit, BacTech will issue up to 5,000,000 units, with each unit consisting on one common share and one-half of a Series D common share purchase warrant.
As quoted in the press release:
Each whole Series D warrant will entitle the holder to purchase one common share at a price of $0.30 for a period of one year from the date of issue. The common shares and warrants will be subject to a four-month hold period.
In connection with the private placement, finder’s fees of 8% cash and 8% finder’s warrants may be paid to arm’s length parties who introduce subscribers for the units. Each finder’s warrant will be exercisable for one common share at $0.20 for a period of one year from closing.
Click here to read theBacTech Environmental Corporation (CNSX:BAC) press release
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