EnviroLeach Receives $6.1 Million in Net Proceeds Through the Exercise of Warrants
25 Marzo 2019 - 3:00AM
EnviroLeach Technologies Inc. (the “Company “or “EnviroLeach”),
(CSE: ETI) (OTCQB: EVLLF) (7N2: FSE) announces that it has realized
net proceeds of $6,103,000 from the 100% redemption of previously
issued warrants. Each warrant allowed holders to purchase a common
share.
The exercised warrants were issued to investors
in connection with the initial listing of the Company in March 2017
and had an expiration date of March 21, 2019. As of the date
of this news release, the Company has 70,242,000 common shares
issued and outstanding.
Duane Nelson, President and CEO of EnviroLeach,
stated; “The strengthening of our balance sheet due to the exercise
of these warrants, helps to mitigate risk and advance our ongoing
commercialization initiatives, therefore creating additional value
for our shareholders. We appreciate this vote of support from
our warrant holders.”
About EnviroLeach Technologies Inc.
EnviroLeach Technologies is a technology company
engaged in the development and commercialization of
environmentally-friendly technologies for the recovery of precious
metals in the E-Waste and Mining sectors. Using its proprietary
non-toxic, water-based, and near neutral pH treatment process,
EnviroLeach extracts precious metals from mining ores,
concentrates, and E-Waste using only FDA approved additives at
ambient temperatures.
Backed by a staff of highly experienced
scientists and engineers, and based on years of research, including
independent validations and pilot scale test programs,
EnviroLeach’s technology is poised to become the world standard in
eco-friendly extraction of precious metals in both the conventional
mining and E-Waste sectors.
Further information is available on the
EnviroLeach web site: https://enviroleach.com
Forward Looking Statements
This News Release contains “forward-looking
information” and “forward looking statements” within the meaning of
applicable Canadian and United States securities legislation.
Statements contained herein that are not based on historical or
current fact, including without limitation statements containing
the words “anticipates,” “believes,” “may,” “continues,”
“estimates,” “expects,” and “will” and words of similar import,
constitute “forward-looking statements” within the meaning of the
U.S. Private Securities Litigation Reform Act of 1995.
Forward-looking information may include, but is not limited to,
information with respect to our Research and Development
activities, the accuracy of our capital and operating cost
estimates; production and processing estimates; the results, the
adequacy of EnviroLeach’s financial resources and timing of
development of ongoing research and development projects, costs and
timing of future revenues or profits and adequacy of financial
resources. Wherever possible, words such as “plans”, “expects”,
“projects”, “assumes”, “budget”, “strategy”, “scheduled”,
“estimates”, “forecasts”, “anticipates”, “believes”, “intends”,
“targets” and similar expressions or statements that certain
actions, events or results “may”, “could”, “would”, “might” or
“will” be taken, occur or be achieved, or the negative forms of any
of these terms and similar expressions, have been used to identify
forward-looking statements and information. Statements concerning
future revenue or earnings estimates may also be deemed to
constitute forward-looking information. Any statements that express
or involve discussions with respect to predictions, expectations,
beliefs, plans, projections, objectives, assumptions or future
events or performance are not statements of historical fact and may
be forward-looking information. Forward-looking information is
subject to a variety of known and unknown risks, uncertainties and
other factors that could cause actual events or results to differ
from those expressed or implied by the forward-looking information.
Forward-looking information is based on the expectations and
opinions of EnviroLeach’s management on the date the statements are
made. The assumptions used in the preparation of such statements,
although considered reasonable at the time of preparation, may
prove to be imprecise. We do not assume any obligation to update
forward-looking information, whether as a result of new
information, future events or otherwise, other than as required by
applicable law. For the reasons set forth above, prospective
investors should not place undue reliance on forward-looking
information. The CSE has not approved or disapproved of the
information contained herein.
Contact Information:
Todd Beavis
EnviroLeach Technologies Inc.
info@EnviroLeach.com
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