Bullboard - Stock Discussion Forum Bactech Environmental Corp C.BAC

Alternate Symbol(s): BCCEF

BacTech Environmental Corporation is a Canada-based company, which specializes in environmental technology. The Company uses a process called bioleaching to recover metals like gold, silver, cobalt, nickel, and copper, while also safely removing harmful contaminants like arsenic. By using its proprietary method of bioleaching, it can neutralize toxic concentrates and tailings. Its technology... see more

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Bactech Environmental Corp > BAC Receives SEC Approval for Regulation A Financing

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Post by kijiji on Jul 17, 2020 9:37am

BAC Receives SEC Approval for Regulation A Financing

BacTech filed an offering to raise up to US$1M to finance the bioleach test work, prefeasibility and feasibility studies and detailed engineering for its Ecuadorian environmental project. It is anticipated that the Company will draw down tranches on an "as needed basis" matching capital raises to project expenditures.

Ross Orr, President and CEO stated, "Having this Tier 2 Regulation A Offering Qualified in the United States is a huge step forward for BacTech. This should allow the Company to start implementing its business plans in Ecuador and lead to the building of a bioleach facility which will help change the lives and the environment surrounding many Ecuadorians in Ponce Enriquez. We are very excited to see what the future brings to our Company, our technologies and to the people of Ecuador."

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