Ascenta Finance Corp
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BACTECH ENVIRONMENTAL CORP

BacTech Environmental Corporation
Raise of up to $600,000

The Offering:

  • Up to 12,000,000 Units priced at $0.05 per Unit

  • Each Unit consists of one Common Share and One Share Purchase Warrant

  • Each Share Purchase Warrant is exercisable into an additional Common Share at a price of $0.10 for 24 months from issuance

  • The Share Purchase Warrants are subject to an Acceleration Clause which shall take effect in the event that

    • the shares of the Company close at a trading price of CAD$0.20 per share or higher for 20 consecutive trading days, as indicated on the CSE Exchange, and

    • the Company shall have given notice by way of a press release that the Warrants’ expiry date will expire 10 trading days thereafter.

  • The Offering is available to accredited investors

  • Minimum order: 50,000 Units / $2,500

  • Securities issued under this Offering are subject to the standard 4 month hold period from the date of issuance

  • Securities issued under this Offering are RRSP / TFSA eligible

About the Company:

BacTech Environmental Corporation (“BacTech”) is a proven environmental technology company, delivering effective and eco-friendly bioleaching and remediation solutions to commercial operations to process and recover preferred metals (gold, silver, cobalt and copper) and safely remove and transform harmful contaminants like arsenic into benign EPA-approved products for landfill. Tapping into numerous environmental and economic advantages of its proprietary method of bioleaching, BacTech uses naturally occurring bacteria, harmless to both humans and the environment, to neutralize toxic mining sites with high-pay potential.

BacTech’s bioleaching process liberates precious and base metals from difficult to treat and generally harmful ores, concentrates, and tailings. BacTech's environmentally friendly processing benefits extend beyond the remediation of tailings and other mining stockpiles. Their solution strikes balance and considers benefits towards the planet, people, and profit.  

BacTech plans to build a new owner-operated bioleaching facility near Ponce Enriquez, Ecuador, in a region where arsenic is associated with gold ore (Arsenopyrite). The Company plans to build a 50 tpd bioleaching plant to treat high gold/arsenic material. A 50 tpd plant, processing 1.95 ounces of gold per tonne of feed, similar to feeds available to the Company from local miners, would produce approximately 30,900 ounces per year. Plant designs are modular and can be expanded without affecting ongoing production. The total concentrate market in the Ponce Enriquez area is estimated to be between 200 and 250 tonnes per day, allowing for increased potential with a larger plant.  

Click here to view the BacTech Website
Click here to view the BacTech Presentation

Investment Highlights

The Bankable Feasibility Study (BFS) on BacTech’s Tenguel, Ecuador bioleach facility, conducted by an independent third-party engineering group, and filed by BacTech on SedarPlus, used US$1,600 per ounce for gold and US$18 per ounce for silver in its financial modeling. The study projected a profit of US$11 million at US$1,600 gold. The project has a US$20 million capital cost to build the facility. With the price of gold reaching a new high, breaking through US$2,800 per ounce (as of the date hereof), the rate of return on capital becomes even more attractive.

Additionally, BacTech is preparing to file a final patent for the bioleaching of pyrrhotite tailings and run-of-mill production. The Company’s goal is to achieve zero waste from one (1) tonne of pyrrhotite material. Beyond producing nickel, cobalt, and copper, the technology aims to generate Iron suitable for sale to the steel and/or battery industries and Organic fertilizer utilizing the contained sulfur.


Exchange: CSE
Symbol: BAC
(ALSO: OTCBB: BCCEF, FSA: 0BT1)

Use of Proceeds:

Funds will be used for general working capital before securing financing for BacTech’s Tenguel, Ecuador bioleach facility.

Corporate Structure:

The Technology:

  • Conventional gravity/flotation to remove sulphides from ore/tailings to make high-grade gold/arsenic concentrate

  • Sulphides are the source of acid release but also contain the valuable metal to be recovered

  • Bioleaching of arsenopyrite (arsenic/sulphide ore) concentrates produced from mining and/or tailings

  • The technology is commercially proven

  • BacTech has “in-house” capacity for the design, construction and operation of the plant

  • It is a continuous process which is safe, easy to operate and flexible

  • Scalable in a short period of time and capable of processing a wide variety of low to high grade concentrates

PLEASE NOTE THAT MEMBERS OF ASCENTA ARE SHAREHOLDERS OF bactech AND/OR INTEND TO PARTICIPATE IN THIS OFFERING.

Please express your interest in participating in this financing and we will attempt to hold a position for you. Once you have been confirmed, we will provide you with a Subscription Agreement and Ascenta’s Know Your Client documentation.

This financing is intended to close at such time or times as the Company determines.

The Company has agreed to pay a finder’s fee of 8% cash and 8% compensation options for the financing.

The statements and statistics contained herein were obtained from sources believed to be reliable, but Ascenta cannot represent that they are accurate or complete.

THIS INVESTMENT IS RISKY
AND YOU COULD LOSE YOUR ENTIRE INVESTMENT AMOUNT.
Consult with your investment advisor, legal or tax professionals before investing.