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| Home : Option 3 Purchases 19.9% of BacTech |
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Oct 03
2012 |
Option 3 Purchases 19.9% of BacTech |
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TORONTO, CANADA--(Marketwire - Oct. 3, 2012) - BacTech Environmental Corporation ("BacTech" or the "Company")(CNSX:BAC)(OTC:BCCEF)(WKN:A1H4TY) announces that it has closed the first tranche of the previously announced private placement of common share units at a price of $0.15 per Unit. Each unit consists of one common share and one non-transferable common share purchase warrant. Each warrant entitles the holder to purchase one common share at a price of $0.17 for a period of 360 days from the first anniversary of the date of issue. The warrants can be exercised prior to the first anniversary of the date of issue provided that, after giving effect to the exercise, the holder shall not directly or indirectly own more than 19.99% of the issued and outstanding common shares of BacTech. The common shares and warrants are subject to a four month hold period. |
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| Source:http://www.marketwire.com/mw/release.do?id=1708960&sourceType=3 |
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