Bioteq Environmental Technologies Inc (BQE)

[junkHustler]

BioteQ Successfully Completes Rights Offering

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan 24, 2014) - BioteQ Environmental Technologies Inc. (TSX:BQE), a leader in industrial wastewater treatment, today announced that it has successfully completed its previously announced rights offering (the "Offering") as scheduled.

BioteQ has issued approximately 24 million common shares under the Offering at a price of $0.05 per Rights Share, for gross proceeds of $1.2 million. The Company intends to use the net proceeds from the rights offering for working capital, development and other sales and general administrative expenses.