BacTech Environmental Corporation Secures $531,700 through Non-Brokered Financing
Toronto, ON, Canada – February 28, 2025 – BacTech Environmental Corporation (CSE: BAC, OTCQB: BCCEF) is thrilled to announce the successful securing of confirmations totaling $531,700 through a non-brokered unit financing. The first closing of this financing is scheduled for Tuesday, March 4, 2025.
Details of the Financing
Each unit in this financing comprises one common share of the Company priced at five cents ($0.05) and one full warrant. The warrant entitles the holder to purchase an additional common share at ten cents ($0.10) per share within two years from the closing date.
Accelerator Clause
BacTech has included an accelerator clause in the warrants. If the Company’s stock trades at a price exceeding $0.20 for 20 consecutive trading days, BacTech can choose to accelerate the exercise of the warrants.
Impact on BacTech
This financing will provide BacTech with much-needed capital to further its business operations. The proceeds from this financing will primarily be used for exploration and development of the Company’s projects and will also contribute to general working capital.
Impact on the World
The successful completion of this financing is a positive sign for the resource sector and the capital markets. It suggests investor confidence in BacTech’s business model and its potential for growth. Additionally, the funds raised will contribute to advancing the Company’s environmental projects, which could potentially lead to more sustainable solutions for mining and mineral processing.
Conclusion
BacTech’s successful securing of $531,700 through a non-brokered unit financing is a significant development for the Company. The funds raised will allow BacTech to further its exploration and development efforts while also contributing to general working capital. Moreover, this financing underscores investor confidence in BacTech and the resource sector as a whole. The proceeds from this financing could potentially lead to more sustainable solutions for mining and mineral processing, making a positive impact on the world.
- BacTech raises $531,700 through non-brokered unit financing
- Proceeds to be used for exploration, development, and working capital
- Investor confidence in BacTech and resource sector
- Potential for more sustainable mining and mineral processing solutions
