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Re: News Releases - Thursday, May 14, 2009
BacTech Signs Growthink as Strategic Advisor
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Toronto, Canada, May 14, 2009 -- BacTech Mining Corporation ("BacTech"
or the "Company", TSX.V: BM) is pleased to announce the engagement of
Growthink, a leading strategic and transactional advisory firm to
emerging and middle market enterprises, as the Company's strategic
advisor for an environmental re-branding strategy and capital raising.
Growthink, headquartered in Los Angeles, CA, provides research,
strategic, transactional and investment capital services to its
clients, enabling companies to identify and leverage opportunities for
growth and market leadership.
BacTech is expanding the use of its bioleaching technology to the clean
up of toxic mine tailings, and recently began developing a mine
tailings project in Northern Ontario using its proprietary bioleach
technology. BacTech has been carrying out testwork on tailings taken
from the Cobalt region, with the goal of building a bioleach pilot
plant in the area to re-treat contaminated tails. This is the Company's
first foray into the cleantech arena. Growthink has been engaged by
BacTech to communicate the benefit of the Company's pioneering
bioleaching technology to the U.S. cleantech investment community, with
the goal of securing domestic funding or strategic partnerships via
comprehensive campaigns in Web marketing, public relations, financial
advisory, and investment banking.
"Growthink possesses the expertise, relationships and investment
capabilities in the cleantech space that we feel will position BacTech
for a successful equity capital raise," said Ross Orr, President and
CEO of BacTech. "We look forward to continuing to build our
relationship with the talented Growthink team as our Company becomes
poised for future growth."
"We're extremely excited to be working with BacTech, and to introduce
them to prospective domestic investors," said Jay Turo, CEO and
Managing Partner of Growthink. "The renewed focus on bioleaching will
set the stage for cleantech and environmental fund interest, and will
position BacTech as the leading provider of bacterial oxidation to the
mining industry."
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 the Cobalt area of Northern
Ontario. This is the Company's first foray into the cleantech industry.
BacTech is continuing to evaluate additional remediation projects.
ABOUT GROWTHINK
Growthink, named by Inc. Magazine as one of the nation's Top 100
Business Services Companies, is the leading Strategic and Transactional
Advisory Firm to Emerging and Middle Market Enterprises. Growthink
provides Research, Strategic, Transactional and Investment Capital
Services to its clients, enabling companies to identify and leverage
opportunities for growth and market leadership.
Since 1999, Growthink has completed more than 2,000 business plans,
market research, and investment banking engagements for a diverse and
dynamic client portfolio which encompasses Emerging, Established and
Fortune 500 Companies, Venture Capital and Private Equity Funds. Learn
more about Growthink's expertise at .
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For further information contact:
BacTech: Ross Orr, President & CEO, 416-813-0303 ext 222
Growthink: Christiana Moffa, 310-846-5002
Christiana.moffa@growthink.com
Investor Relations:
Pierre Anglos 1-800-436-2027 Email: capitalgainsco@shaw.ca
Shares outstanding 82,857,206
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. |