BacTech Environmental -- Closes First Tranche of Private Placement
![BacTech Environmental -- Closes First Tranche of Private Placement](https://www.minenportal.de/media/goldseiten-news.jpg)
The common shares and underlying securities issued pursuant to the private placement are subject to a four-month hold period which expires May 19, 2012.
The proceeds of the private placement will be used for the Snow Lake project in Manitoba, general working capital and ongoing test work.
BacTech profile
BacTech Environmental holds the exclusive, royalty-free rights to use the patented BACOX bioleaching technology for the reclamation of tailings and mining waste materials. On April 25, BacTech was awarded a contract by the Mines Branch of the Manitoba Department of Innovation, Energy and Mines, to remediate an arsenopyrite gold stockpile situated at the Snow Lake Mine in Snow Lake, Manitoba. This is the Company's first project since the Plan of Arrangement was completed on December 2, 2010.
Shares outstanding 38,383,361
Contact
BacTech Environmental Corporation
Ross Orr, President & CEO
416-813-0303 ext 222
info@bactechgreen.com
www.bactechgreen.com