Shareholders of BacTech Approve Share Consolidation
2014年7月22日 - 1:39AM
Marketwired Canada
BacTech Environmental Corporation ("BacTech") (CSE:BAC)(OTC:BCCEF) (WKN: A1H4TY)
today announced that at the shareholders meeting held on July 3, 2014,
shareholders approved the consolidation of the Company's shares on the basis of
one post-consolidation common share for each five pre-consolidation common
shares. The consolidation is subject to acceptance for filing by the Canadian
Securities Exchange ("CSE"). The name of the Company will not be changed as a
result of the consolidation.
The 56,755,027 Common Shares issued and outstanding prior to the Consolidation,
which will be effective as of July 24, 2014, will be consolidated to
approximately 11,351,005 Common Shares. If, as a result of the Consolidation, a
Shareholder would otherwise be entitled to a fraction of a post-Consolidation
Common Share, the number of post-Consolidation Common Shares will be rounded up
to the nearest whole number. The Company's currently outstanding stock options
and warrants will be adjusted on the same basis with proportionate adjustments
being made to the stock option and warrant exercise prices.
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. A second project is under evaluation at Atocha,
Bolivia. 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
info@bactechgreen.com
BacTech Environmental Corporation
Bill Mitoulas
Investor Relations
416-479-9547
bmitoulas@bactechgreen.com
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