BacTech Environmental Corporation Closes Private Placement
23.12.2010 | Marketwire
TORONTO, ONTARIO -- (Marketwire - Dec. 23, 2010) - BacTech Environmental Corporation ("BacTech" or the "Company") (CNSX:BAC) today announced the closing of the private placement announced on December 10, 2010, for total gross proceeds of CAD$303,200. Pursuant to the financing, the Company issued 2,526,666 units priced at $0.12 per unit. Each Unit consists of one common share and one-half of one common share purchase warrant. Each whole warrant entitles the holder to acquire one common share at a price of $0.17 until December 22, 2011.In connection with the offering, BacTech will pay to arm's length parties finder's fees totaling $8,890.00 and issue 82,833 agent's warrants. Each agent's warrant is exercisable into one common share at $0.17 until December 22, 2011. The common shares and underlying securities are subject to a four-month hold period that expires April 23, 2011.
The proceeds will be used for general working capital.
Stock symbol: It has come to our attention that some people are having difficulty locating BacTech Environmental to obtain a stock quotation. The Company is listed on the Canadian National Stock Exchange ("CNSX") under the symbol "BAC". Below are suggested avenues for obtaining a quote.
The easiest way to find a quote for BacTech, is through the following two web sites, using the symbol "BAC". Both of these are 15 minutes delayed.
- www.cnsx.ca - This is the web site for the CNSX
- www.stockwatch.com - This is an independent site
For those attempting to obtain a quote through a brokerage terminal, the following may be of assistance;
- If the feed comes from Thompson Reuters, use the symbol "BAC-L"
- If the feed comes from Globe Investor, use the symbol "BAC-CN"
At this time, Yahoo Finance does not provide quotations for CNSX stocks.
BacTech profile
BacTech Environmental Corporation was created through a Plan of Arrangement completed on December 2, 2010, whereby shareholders of the former BacTech Mining Corporation ("BMC"), renamed REBgold Corporation, were issued, in exchange for their BMC shares, 1 share of REBgold Corporation and 1/5th of one share of BacTech Environmental. BacTech Environmental holds the exclusive rights to use REBgold's patented bioleaching technology for reclamation of tailings and concentrate processing.
Shares outstanding 29,246,773
Contact Information
BacTech Environmental Corporation
Ross Orr
President & CEO
416-813-0303 ext 222
info@bactechgreen.com
www.bactechgreen.com