There are thousands of abandoned mines and sites around the world that display unbelievably high levels of contamination from toxins used in and extracted during the mining process. BacTech Environmental Corporation will apply their patented BACOX bioleaching technology to the processing of toxic, arsenic-laden mine tailings. An added benefit of bioleaching, in addition to stabilizing arsenic and capturing heavy metals, is that it oxidizes sulphides in mine tailings, thereby eliminating a major source of acid mine drainage. The technology also recovers precious and base metals from tailings for sale to market. Bioleaching is an environmental clean up solution that also creates a profit.



 

Latest News Release

Bactech Closes Third Tranche of Debenture Financing

 

Bactech Environmental Corp. has closed the third tranche of its debenture financing announced on April 5, 2017. The amount closed was $160,000. This brings the total raised under this unique format to $445,000.

 

The non-brokered private placement is being made without any solicitation and the company is responding to demand of Investors interested in learning more about the debenture.

 

The debentures being offered have a 2-year term and pay interest of 12% per annum. Interest payments will be paid on the anniversary of the closing date. In addition, the Company is including a 20% common share bonus. For example, a $10,000 debenture would be accompanied by a $2,000 bonus, which equates to 40,000 common shares at the current price of the stock ($0.05). The common shares will be subject to a 4 month hold period. For more information, investors may contact the company directly.

 

The use of proceeds are as follows:

 

Onset of the metallurgical testing to determine the ultimate plant design

 

Completion of the NI 43-101 report on the project

 

Economic feasibility study in conjunction with the engineering

 

General working capital

 

The Company intends to continue to raise capital under this process until it reaches $750,000 in total. This is the amount estimated to be needed to complete the pre-construction phase for the Telamayu project and to fund the cash portion of the Laurentian University arsenic bioleach test work for Ecuadorian arsenopyrite samples.

 

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 principal focus is a high-grade silver/copper/tin tailings project called Telamayu, located in Atocha, Bolivia, in association with COMIBOL, the state mining group. Investigation has begun to identify opportunities in Ecuador. The Company continues to field enquiries globally with respect to additional opportunities for remediation, including licensing transactions for the technology.

 

 

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Legal Notice / Disclaimer

 

This document is not and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribe for any investment.

 

Richard Mills has based this document on information obtained from sources he believes to be reliable but which has not been independently verified.

 

Richard Mills makes no guarantee, representation or warranty and accepts no responsibility or liability as to its accuracy or completeness. Expressions of opinion are those of Richard Mills only and are subject to change without notice. Richard Mills assumes no warranty, liability or guarantee for the current relevance, correctness or completeness of any information provided within this Report and will not be held liable for the consequence of reliance upon any opinion or statement contained herein or any omission.

 

Furthermore, I, Richard Mills, assume no liability for any direct or indirect loss or damage or, in particular, for lost profit, which you may incur as a result of the use and existence of the information provided within this Report.

 

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