BacTech Environmental Corporation announced a non brokered private placement of 12,500,000 units at an issue price of CAD 0.08 per share for gross proceeds of CAD 1,000,000 on March 13, 2023. Each unit consist of one common share, one common share purchase warrant. Each whole warrant shall entitle the holder thereof to acquire one additional common share at a price of CAD 0.12 per warrant for a period of twenty four months.

In the event the common shares trades at or above CAD 0.20 for a period of twenty days the company can accelerate the conversion of the warrants.