BacTech Environmental Closes 2nd Round of Reg A Financing

February 2, 2021 – TheNewswire – Toronto, Canada – BacTech Environmental Corporation (“BacTech or the Company”) (CSE:BAC) (OTC:BCCEF) (CNSX:BAC.CN) announced today that is has closed another tranche of its US Regulation “A” financing. The financing was offered in parallel with a capital raise underway in Canada. This is the 2nd round of financing using the Regulation “A” exemption. In this round, the Company raised US$92,500 at US$0.015 through the issuance of 6,166,667 common shares. There were no warrants issued with the common stock. The funds will be used to complete the bioleach test work planned for the samples collected from  six mines in the Ponce Enriquez area of southern Ecuador. The test work is estimated to take approximately 5 months from inception. BacTech is looking to close the Canadian equity offering this week which is raising up to $150,000 through the issuance of 5,000,000 shares at CDN$0.03 per common share. ABOUT BACTECH In summary, BacTech is investigating the prospects of a build/own/operate bioleach facility to be based in Ponce Enriquez, Ecuador. The selection of Ponce Enriquez is driven by the extremely high levels of arsenic that is associated with gold in the +90 small mines in the area which attract…
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