BM BC Moly Ltd

BacTech Mining Corporation ("BacTech" or the "Company") (TSX VENTURE:BM) is
pleased to announce that today the Superior Court of Justice (Ontario) issued a
final order approving the Company's previously announced plan of arrangement
involving the Company and BacTech Environmental Corporation (the "Arrangement").
With the approval from the Superior Court of Justice (Ontario), the Company
anticipates satisfaction of the remaining conditions precedent to the
Arrangement, and that the Arrangement will be effective December 2, 2010. Upon
the completion of the Arrangement, the Company will change its name from BacTech
Mining Corporation to REBgold Corporation. 


Pursuant to the Arrangement, shareholders of the Company will receive, in
exchange for each BacTech share (a "BacTech Share") held as of the share
distribution record date, one new common share of the Company (a "REBgold
Share") and one-fifth of a common share of BacTech Environmental Corporation
(each whole share a "BacTech Environmental Share"). The share distribution
record date for the Arrangement is the close of business on December 1, 2010.
Accordingly, commencing November 29, 2010, trades of BacTech Shares on the TSX
Venture Exchange will be on an "ex distribution" basis. After the Arrangement
becomes effective, REBgold Shares will trade on the TSX Venture Exchange under
the symbol "RBG". The BacTech Environmental Shares have been conditionally
approved for listing on the Canadian National Stock Exchange under the symbol
"BAC".


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 technology can be applied to the processing of concentrates
generated from mining and can also be applied to the reclamation of mine
tailings.


Shares outstanding 133,600,039

BC Moly (TSXV:BM)
Historical Stock Chart
From Apr 2024 to May 2024

BC Moly (TSXV:BM)
Historical Stock Chart
From May 2023 to May 2024