BAC BacTech Environmental Corporation

BacTech Environmental Corporation ("BacTech" or the "Company",
(CNSX:BAC)(WKN:A1H4TY) announces that it has closed the second and final tranche
of its convertible debenture financing originally announced on April 19th, 2012.
The financing was oversubscribed, raising an additional $85,000 over its
original goal of $500,000. Total gross proceeds raised in the financing was
$585,000, with $160,000 of the proceeds closed in the second tranche and
$425,000 of the proceeds closed in the first tranche.


The private placement consists of units priced at $10,000 per unit. Each unit
consists of a $10,000 principal amount redeemable convertible debenture and
50,000 Series E common share purchase warrants. The debentures will bear
interest at 12 per cent per annum payable quarterly. The debentures mature on
April 25, 2014. BacTech has the option to redeem the debentures at par at any
time beginning 120 days from issuance. At any time prior to maturity or
redemption the debentures are convertible at the option of the holder into
common shares at a conversion price of $0.20. Each Series E warrant entitles the
holder to purchase one common share at a price of $0.20 until April 25, 2014.
The debentures and warrants and the common shares issuable upon conversion of
the debentures and exercise of the warrants are subject to a 4 month hold period
from the closing of the financing.


BacTech has paid finder's fees totaling $12,000 cash and 60,000 finder's
warrants to arm's length parties who introduced subscribers for the units in the
second tranche. Each finder's warrant is exercisable for one common share at
$0.20 each until April 25, 2014.


BacTech profile

BacTech Environmental holds the perpetual, exclusive, royalty-free rights to use
the patented BACOX bioleaching technology for the reclamation of tailings and
mining waste materials. In November, BacTech signed a contract with the Mines
Branch of the Manitoba Department of Innovation, Energy and Mines, to remediate
an arsenopyrite gold stockpile situated at the Snow Lake Mine in Snow Lake,
Manitoba. The Company continues to field enquiries globally with respect to
additional opportunities for remediation.


Shares outstanding 39,088,361

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