BacTech Closes Private Placement; Proposes Change in Board

BacTech Environmental Corporation ("BacTech") (CSE:BAC)(OTC:BCCEF)(WKN:A1H4TY)
BacTech Environmental Corporation announced today the closing of a non-brokered
private placement of units in the Company.


The private placement consists of a 7,000,000 unit financing at $0.01. Each unit
contains one (1) common share of the Company and one (1) common share purchase
warrant. A full warrant enables the holder to purchase an additional common
share at $0.05 for a period of 3 years. Total gross proceeds for the private
placement were $70,000.


The Company also announced that it has completed and filed its annual financial
statements and related Management Discussion and Analysis ("MD&A") for the year
ended December 31, 2013. The Company's common shares have resumed trading.


In addition, the Company has been informed by Elina Gerasimovskaya, Option
Three's board representative, that she will not stand for re-election to the
board of directors at the Company's annual general meeting ("AGM") slated for
June 26, 2014. BacTech would like to thank Elina for her contributions to the
Company and wishes her well in her future endeavours. In her place, Option Three
has proposed the election of the Hon. Tim Lewin to replace Ms. Gerasimovskaya.
The shareholders will be asked to confirm Mr. Lewin's nomination at the AGM.


Since 1980, Tim Lewin has been involved in all aspects of development of new
markets with an accent to financial services in Russia, Ukraine, Kazakhstan,
Azerbaijan and Uzbekistan. Mr. Lewin is also a founding partner of FRA that
renders project consulting services on behalf of the Government of Great Britain
for all former Soviet countries and Indonesia. Total value of the investments
arranged by Mr. Lewin to-date is over 2 billion dollars. From 2001 to-date Mr.
Lewin has been a director of SRA, Ltd. Since 2009 M. Lewin is a member of IB2F
council, Venture Fund, who participate in development of alternative energy and
high technologies in Europe and USA.


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. In November 2011, BacTech signed a contract
with 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. The Company continues to field enquiries globally
with respect to additional opportunities for remediation.


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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 56,755,027

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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
BacTech Environmental Corporation
Ross Orr
President & CEO
416-813-0303 ext 222
416-596-9840 (FAX)
info@bactechgreen.com


BacTech Environmental Corporation
Bill Mitoulas
Investor Relations
416-479-9547
416-596-9840 (FAX)
bmitoulas@bactechgreen.com
www.bactechgreen.com

BacTech Environmental (CSE:BAC)
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から 10 2024 まで 11 2024