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TORONTO, CANADA--(Marketwired - Aug. 29, 2014) - BacTech Environmental Corporation ("BacTech") (CSE:BAC)(OTC:BCCEF)(WKN:A1H4TY) today announced that its $600,000 Bridge Loan (issued July 2013) and the $585,000 Debenture (issued May 2012), plus the accrued interest to July 31 2014, have been converted to 27,742,934 common shares at a price of $0.05 per common share. The Company has also converted $115,000 of debt owing to management and consultants, to 2,300,000 common shares at the same price. In total, $1,502,000 of debt and accumulated interest has been converted to 30,042,934 common shares. Following this transaction, the Company has manageable debt outstanding. |
