BacTech Insiders Convert Debt
(firmenpresse) - TORONTO, CANADA -- (Marketwired) -- 02/02/15 -- BacTech Environmental Corporation ("BacTech") (CSE: BAC)(OTC: BCCEF) (WKN: A1H4TY) today announced that its'' Board of Directors approved the conversion of $50,000 of accrued salaries and management fees into 1,000,000 common shares of BacTech at $0.05 per share. The following insiders participated;
M. Ross Orr, President and CEO, $25,000 or 500,000 shares and
Louis Nagy, Chief Financial Officer, $25,000 or 500,000 shares.
BacTech 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 principle focus is a high-grade silver/copper tailings project called Telamayu located in Atocha, Bolivia in partnership with COMIBOL, the state mining group. The Company continues to field enquiries globally with respect to additional opportunities for remediation including licensing transactions for the technology.
Special Note Regarding Forward-Looking Statements
This news release contains "forward-looking information", which may include, but is not limited to, statements with respect to future tailings sites, sampling or other investigations of tailing sites, the Company''s ability to make use of infrastructure around tailings sites or operating performance of the Company and its projects. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Forward-looking statements contained herein are made as of the date of this news release and the Company disclaims, other than as required by law, any obligation to update any forward-looking statements whether as a result of new information, results, future events, circumstances, or if management''s estimates or opinions should change, or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.
Shares outstanding 42,393,944
The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.
Contacts:
BacTech Environmental Corporation
Ross Orr
President & CEO
416-813-0303 ext 222
BacTech Environmental Corporation
Bill Mitoulas
Investor Relations
416-479-9547
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Datum: 02.02.2015 - 13:55 Uhr
Sprache: Deutsch
News-ID 1334263
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