BacTech Environmental Corporation announced that it has entered into a securities purchase agreement of units on December 19, 2023.
On the same day the company announced that it has raised first tranche and issued 7,675,500 units at a price of CAD 0.08 per unit for the gross proceeds of CAD 614,040. Each unit consisted of one common share and half of one share purchase warrant. As a part of the transaction the company paid CAD 38,243 a finder fee and 468,040 finder?s warrants were issued as part of the capital raise. Two insiders participated in the financing for a total of CAD 32,000.