BacTech gains $25,000 from the final private placement

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Fri, Oct 16, 2009

Gold Company News, Uncategorized
Post by Melissa Pistilli, Gold Reporter

BacTech (TSX VENTURE:BM), today announced that it has closed their third and final part of private placements for $ 25,000. In total, BacTech issued 5,282,500 units at 8 cents each, for total gain of $422,600. After a year (October 15, 2010) the purchaser would be entitled to 12 cents of share (1.5 share purchased as of today’s date)

The press release is quoted as saying:

BacTech will also issue 440,000 finder’s warrants to an arm’s length party who assisted in the financing.

Click here for the full press release.

Click here for Bactech’s corporate website.

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