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Re: News Release - Thursday, June 25, 2009
Bactech Reports Board Changes
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Toronto, Canada, June 25, 2009 -- BacTech Mining Corporation ("BacTech"
or the "Company", TSX.V: BM) held its Annual and Special Meeting of
Shareholders yesterday and is pleased to announce that all resolutions
to be voted on by shareholders were passed.
The Company reports that directors David L. Stevens and Peter J. George
did not stand for re-election this year. Their participation during a
difficult transition period for the Company was greatly appreciated.
The Board thanks them for past service and wishes them well in their
future endeavours.
The Board welcomes a new director, Shahzad F. Ashfaq. Mr. Ashfaq is
currently a Managing Director in the Merchant Banking Group of Crosby
Capital Partners Ltd. ("Crosby Capital"), where he has been employed in
various positions since July 1999. Crosby Capital is an independent
merchant banking and asset management group listed on the Hong Kong
Stock Exchange's GEM board, with offices in Hong Kong, Singapore, the
United Kingdom and representation in other parts of Asia. Within the
Merchant Banking Group, Mr. Ashfaq has been involved in several M&A
transactions within the resource sector, particularly in Australia,
where he has led several public bids in the last five years for ASX
listed companies. Prior to that, he was a Vice President with Nomura
International Plc., based in London. Prior to Nomura International Mr.
Ashfaq held positions with UBS Capital Markets Division and Citigroup
Investment Banking Division.
BACTECH PROFILE
BacTech owns patented bacterial oxidation technology for the treatment
of refractory ores and concentrates to enhance the recovery of gold,
silver and base metals. The Company's focus is the acquisition of
equity positions in projects amenable to bioleaching. In June 2008, the
Company signed an agreement to acquire Yamana Gold Inc.'s 33% interest
in two refractory gold deposits in Papua New Guinea. In September 2008,
BacTech signed an MOU to investigate the use of bioleaching to
reprocess arsenic-laden tailings in Cobalt, Ontario. This is the
Company's first foray into the cleantech industry. BacTech is
continuing to evaluate additional remediation projects.
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For further information contact:
Ross Orr, President & CEO, 416-813-0303 ext 222
Investor Relations:
Pierre Anglos 1-800-436-2027 Email: capitalgainsco@shaw.ca
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
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Copyright (c) 2009 BACTECH MINING CORPORATION (BM) All rights
reserved. For more information visit our website at
http://www.bactech.com/ or send mailto:info@bactech.com
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BacTech Mining Corp
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EXPLORATION STAGE |
CODE : BM.V |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
BacTech Mining is a gold development stage company based in Canada. BacTech Mining holds various exploration projects in Armenia. Its main exploration properties are FERGUSSON ISLAND in Papua New Guinea and LICHKVAZ-TEY in Armenia. BacTech Mining is listed in Canada and in United States of America. Its market capitalisation is CA$ 751 120 as of today (US$ 553 923, € 499 528). Its stock quote reached its highest recent level on January 30, 1998 at CA$ 99.50, and its lowest recent point on April 22, 2016 at CA$ 0.03. BacTech Mining has 8 836 707 shares outstanding. |