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| | November 29, 2002
Options Granted to Officers and Directors
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| | BacTech Enviromet Corporation announced today that at a meeting of the Board of Directors held on November 21, 2002 certain officers and directors received additional options in the Company. The CEO and Executive Vice-President received, respectively, 100,000 and 60,000 five-year options to purchase common shares at $0.58 each.
In addition, outside directors of the Company receive annual fees of $7,500 payable in either common shares or options on common shares of the Company. For the year ended September 30, 2002, two directors have elected to receive shares based on $0.58 per share (12,931 shares) and two directors have elected to each receive 19,396 five-year options exercisable at $0.58 each. The above transactions are subject to approval of regulatory agencies.
BacTech is a leader in the development and application of bioleaching technology for use in the extraction of precious and base metals from difficult to process sulphide ores and concentrates. The process offers significant advantages in capital and operating costs and environmental impact in comparison with traditional ore and concentrate treatment processes. |
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| | You can view the Next News Releases item: Mon Feb 10, 2003, BacTech to Focus on Acquisitions of Mineral Assets to Realize Value from Commercially Proven Technologies
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