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About EnviroLeach Technologies Inc. EnviroLeach Technologies is engaged in the development and commercialization of environmentally-friendly formulas and technologies for the treatment of materials in the mining and recycling sectors. Using its proprietary non-cyanide, water-based, neutral pH treatment process EnviroLeach extracts precious metals from ores, concentrates, and E-Waste using only FDA approved additives and ambient temperature water.
EnviroLeach to present at LD Micro 500 Conference
Aug. 31, 2020
August 31, 2020 (ACCESSWIRE via COMTEX) -- VANCOUVER, BC / ACCESSWIRE/ August 31, 2020 / EnviroLeach Technologies Inc. (the "Company "or "EnviroLeach"), (CSE:ETI)(OTCQB:EVLLF)(FSE:7N2) announces it will be presenting at the LD 500 investor conference on Tuesday September 1, 2020 at 10:00 AM PST. Duane Nelson, President & CEO of EnviroLeach, will be presenting to a live virtual audience to discuss the Company's and technology offering, business strategy and recent developments.
Register here: https://ld500.ldmicro.com/
View EnviroLeach's profile here: https://www.ldmicro.com/profile/EVLLF
Chris Lahiji, founder of the LD stated, "We have been waiting for this moment all year long. Due to COVID, it has been nearly impossible for physical conferences to even take place. I want to show the world that you can still learn, have a great time, and see some of the most unique companies in the capital markets today. All without having to step foot outside. For the first time, LD Micro is accessible to everyone, and we are honored to welcome you to one of the most trusted platforms in the space."
The LD 500 will take place on September 1st through the 4th.
About EnviroLeach Technologies Inc. EnviroLeach Technologies is engaged in the development and commercialization of environmentally-friendly formulas and technologies for the treatment of materials in the mining and recycling sectors. Using its proprietary non-cyanide, water-based, neutral pH treatment process EnviroLeach extracts precious metals from ores, concentrates, and E-Waste using only FDA approved additives and ambient temperature water.
Backed by the momentum of a first-class team of scientists and engineers, tens of thousands individual assays, independent validations, strategic partners and over $20 million in research and development, EnviroLeach's technology is emerging as a potential new standard for the provision of eco-friendly methods for the hydrometallurgical 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
About LD MicroBack in 2006, LD Micro began with the sole purpose of being an independent resource to the microcap world. What started as a newsletter highlighting unique companies, has transformed into the pre-eminent event platform in the space. The upcoming "500" in September is the Company's most ambitious project yet, and the first event that is accessible to everyone.
For those interested in attending, please contact David Scher at david@ldmicro.com or visit www.ldmicro.com for more information.
Forward-Looking Statements This News Release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian and the 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:Jason LeikamVP Corporate Development EnviroLeach Technologies Inc.info@EnviroLeach.com(604) 282-0601
SOURCE: EnviroLeach Technologies Inc. via LD Micro
View source version on accesswire.com: https://www.accesswire.com/604155/EnviroLeach-to-present-at-LD-Micro-500-Conference
https://www.marketwatch.com/press-release/enviroleach-to-present-at-ld-micro-500-conference-2020-08-31?tesla=y
What a scam this is. Dark company that keeps selling shares to survive. Total junk!!
EVLLF...485...Bullish Harami Cross...adding on the reversal pattern...and the Money Flow Trajectory...
Chart...http://schrts.co/jXyKqksb
Get off our neck. They should have enough money by now. Nelson you crook.
EnviroLeach Appoints New Chief Financial Officer and Corporate Secretary
June 17, 2020
VANCOUVER, BC / ACCESSWIRE / June 17, 2020 / EnviroLeach Technologies Inc. (the "Company "or "EnviroLeach"), (ETI.CN)(OTCQB:EVLLF)(7N2:FSE), a leading innovation company focused on commercializing environmentally sustainable metal extraction solutions for processing E-Waste and mineral concentrates, is pleased to announce the appointment of Nathalie Pilon as Company's new Chief Financial Officer and Corporate Secretary. Ms. Pilon brings to EnviroLeach a broad experience in corporate and international operational finance. She has worked extensively with publicly listed mining corporations, and has led finance teams through exploration, development, construction, commissioning and operations. She has comprehensive experience in all areas of finance, with an emphasis on reporting and internal controls. Prior to joining EnviroLeach, Ms. Pilon was Director of Finance for Orezone Gold Corporation, held senior positions at Roxgold Inc. and Endeavour Mining Corporation. Nathalie's experience and skill set will benefit the Company as it ramps up operations and recognizes revenue over the final two quarters of 2020.
"Nathalie brings to EnviroLeach nearly 20 years of experience with a proven track record of leading transactional and financial teams in the roles of Corporate Controller and Chief Financial Officer," said Duane Nelson, President and CEO. "She possesses a deep understanding of corporate finance and compliance best practices, balanced with considerable operational transformation experience at an international scale. Nathalie has the capabilities to strategically manage our finance and compliance initiatives forward for the success and growth of the Company."
Ms. Pilon replaces Mr. Don Weatherbee as Chief Financial Officer and Corporate Secretary. The EnviroLeach Board of Directors and management team wish to thank Mr. Weatherbee for his critical contributions from the launch of the Company through development and initial commercialization of its patented technology, and wishes Don continued success in his role with EnviroLeach's partner, Mineworx Technologies Ltd.
The Board of Directors has granted Ms. Pilon 250,000 stock options at an exercise price of $0.79. The options are valid for a period of five years from the date of the grant, subject to vesting provisions and granted in accordance with the Company's Stock Option Plan approved by the shareholders on June 14, 2018.
About EnviroLeach Technologies Inc.
EnviroLeach Technologies is engaged in the development and commercialization of environmentally friendly formulas and technologies for the treatment of materials in the mining and recycling sectors. Using its proprietary non-cyanide, water-based, neutral pH treatment process EnviroLeach extracts precious metals from ores, concentrates, and E-Waste using only FDA approved additives and ambient temperature water.
Backed by the momentum of a first-class staff of scientists and engineers, tens of thousands individual assays, independent validations, strategic partners and over $20 million in research and development, EnviroLeach's technology is emerging as a potential new standard for the provision of eco-friendly methods for the hydrometallurgical 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
https://finance.yahoo.com/news/enviroleach-appoints-chief-financial-officer-113000461.html
Introducing EnviroLeach Technologies (CSE:ETI), A Stock That Climbed 22% In The Last Three Years
June 15, 2020
By buying an index fund, you can roughly match the market return with ease. But if you choose individual stocks with prowess, you can make superior returns. Just take a look at EnviroLeach Technologies Inc. (CSE:ETI), which is up 22%, over three years, soundly beating the market decline of 7.8% (not including dividends).
See our latest analysis for EnviroLeach Technologies
EnviroLeach Technologies recorded just CA$453,389 in revenue over the last twelve months, which isn’t really enough for us to consider it to have a proven product. So it seems that the investors focused more on what could be, than paying attention to the current revenues (or lack thereof). For example, investors may be hoping that EnviroLeach Technologies finds some valuable resources, before it runs out of money.
Companies that lack both meaningful revenue and profits are usually considered high risk. There is usually a significant chance that they will need more money for business development, putting them at the mercy of capital markets to raise equity. So the share price itself impacts the value of the shares (as it determines the cost of capital). While some such companies go on to make revenue, profits, and generate value, others get hyped up by hopeful naifs before eventually going bankrupt.
EnviroLeach Technologies had liabilities exceeding cash by CA$448k when it last reported in March 2020, according to our data. That makes it extremely high risk, in our view. So the fact that the stock is up 147% per year, over 3 years shows that high risks can lead to high rewards, sometimes. It’s clear more than a few people believe in the potential. You can see in the image below, how EnviroLeach Technologies’s cash levels have changed over time (click to see the values).
Of course, the truth is that it is hard to value companies without much revenue or profit. However you can take a look at whether insiders have been buying up shares. It’s often positive if so, assuming the buying is sustained and meaningful. You can click here to see if there are insiders buying.
A Different Perspective
The last twelve months weren’t great for EnviroLeach Technologies shares, which performed worse than the market, costing holders 19%. The market shed around 9.0%, no doubt weighing on the stock price. Investors are up over three years, booking 6.8% per year, much better than the more recent returns. Sometimes when a good quality long term winner has a weak period, it’s turns out to be an opportunity, but you really need to be sure that the quality is there. While it is well worth considering the different impacts that market conditions can have on the share price, there are other factors that are even more important. For instance, we’ve identified 6 warning signs for EnviroLeach Technologies (3 are a bit unpleasant) that you should be aware of.
EnviroLeach Technologies is not the only stock that insiders are buying. For those who like to find winning
https://simplywall.st/stocks/ca/materials/cse-eti/enviroleach-technologies-shares/news/introducing-enviroleach-technologies-cseeti-a-stock-that-climbed-22-in-the-last-three-years/
NEWS! EnviroLeach Provides Corporate Update
June 15, 2020
VANCOUVER, BC / ACCESSWIRE / June 15, 2020 / EnviroLeach Technologies Inc. (the "Company "or "EnviroLeach"), (ETI.CN) (OTCQB:EVLLF) (7N2.F) is pleased to provide the following corporate update regarding its E-Waste and mining operations and business initiatives.
COVID-19 Pandemic Effects
EnviroLeach recently returned to full staffing levels at its office, laboratory and the EviroCircuit E-Waste processing facility. In early March, all Company offices and facilities incorporated recommended safety protocols and offered staff the opportunity to work remotely, where circumstances allowed. The EnviroCircuit facility remained operational during this time. The COVID-19 pandemic significantly disrupted the E-Waste supply chain domestically and internationally. Material shipments stalled across Asia, Europe and North America as international borders closed, port facilities reduced operations, and recycling plants temporarily closed or decreased activities. This global disruption impacted EnviroLeach's operations, notably the staged production rate increase to full plant capacity announced in late 2019.
In response to this unprecedented operating environment, EnviroLeach has worked to expand its supply chain network with marketing initiatives targeting domestic and international recyclers and OEM's with promising results. It is anticipated supply movements will re-commence through the summer months, and the Company expects feedstock acquisitions will increase from diverse sources. Due diligence is now underway with several potential suppliers in accordance with best E-Waste recycling industry practises.
Jabil Technical/Economic Study
As reported in a February 20, 2020 press release, since November 2019 the EnviroCircuit facility has been dedicated to processing material supplied by Jabil as part of extensive technical studies and economic and environmental assessments of the EnviroCircuit process. These exhaustive studies have provided valuable technical and economic data and insight for the both the Company and Jabil.
The tests included detailed analysis of material process flow and compostion through each step of the EnviroCircuit process, R2 certification compliance, metal recoveries, process audit capabilities, reagent consumption and reuse, air emissions, process costs, carbon dioxide equivalent emissions, and process economics compared to the smelting of printed circuit boards.
The test program's objective was to generate data-driven intelligence as a component of due diligence on our newly commissioned facility for Jabil and other potential clients and upstream partners. The data generated has produced a refined E-Waste processing and pricing model on which the Company bases continued negotiations for E-Waste supply agreements with Jabil and other potential upstream partners.
The results of of this six-month technical and economic assessment has confirmed both the commercial and technical viability, and the competitive economic and environmental advantages of the EnviroCircuit process as compared to the conventional smelting of printed circuit boards.
The continued facility optimization through the test period resulted in sustained processing rates of one tonne per hour which meets the original facility design production targets. The optimization program also generated improved metal recoveries, higher metal concentration and lower operational costs. Overall metal recoveries are now consistently over 90% while chemical consumption and other process costs have been significantly reduced. These higher metal recoveries and reduced costs will ultimately result in greater operational margins.
Gold Mining and In-Situ Mineral Applications
EnviroLeach continues advanced metallurgical testing on concentrate materials from multiple mining clients. Using the Company's patented non-cyanide based leaching formula gold recoveries consistently exceed 90%. While the degree and timing of partner due diligence varies, testing programs continue to demonstrate compelling economics for the EnviroLeach formula and process.
The Company continues to perform detailed metallurgical testing and economic studies on both gravity and flotation concentrates with positive results. In most cases recoveries and leach kinetics are comparable or superior to conventional cyanide leaching. Recent test results on arsenopyrite based concentrates were positive which may open a significant new market for the Company, as these concentrates currently have limited processing options and markets.
https://finance.yahoo.com/news/enviroleach-provides-corporate-140000234.html
Circular economy: the projects leading the way in mining waste recovery
15 JUNE 2020
As mining operations grow, so too does their waste production, despite the fact that many waste streams contain useful and even precious resources. We round up some of the innovative projects approaches to tackling mining waste, and helping to push mining towards becoming a truly circular economy.
Mining is big business, but also one of the world’s biggest polluters. A 2019 report estimated that the world’s 3,500 large-scale mining operations produce over 100 billion tonnes of solid waste per year. The ratio of useful materials to waste minerals is staggering; waste mass can be several times that of base metals, and can be millions of times that of rare elements such as gold.
This waste is of particular concern due to its often toxic content, with poisonous materials such as mercury a frequent by-product of mining operations. Recent accidents, such as the collapse of a tailings dam at Vale’s Brazilian operations near the town of Brumadinho, have also shone a spotlight on existing waste storage and treatment facilities, with growing concern that simply collecting vast reserves of solid and liquid waste is both unprofitable and highly dangerous. As demand for minerals, particularly rare earths and other uncommon commodities, grows, this problem is set to only increase.
A promising counter to this growing problem is that of waste recovery. Rather than cutting down on waste itself, companies are investing in new industrial processes to extract and re-use some of the useful materials that are often dumped among tonnes of less useful mining waste. With platinum group metals (PGMs), base metals, and even rare commodities such as gold among these unintended by-products of mining, there are a number of initiatives across the mining industry to improve the reclamation of resources, and push the sector towards a truly circular economy.
Mineworx moves to pilot plant
Canada-based Mineworx has been involved in the mining industry for some time, having entered into the sector in 1975 with the acquisition of the Cehegín iron ore project in Spain, which produced four million tonnes of ore in its first fourteen years of operation. Since then, the company has moved into the development of more advanced technologies, aiming to increase the environmental viability of both its operations in particular and mining in general. The business reached a major milestone in April when it announced an agreement with Tennessee’s Davis Recycling Inc. to construct a pilot plant; the operation will see platinum group metals (PGMs) recycled from used catalytic converters.
The project will see the miner enter into a PGM recovery business that it values at around $30bn annually, and the move is a critical step in demonstrating the efficacy of the technology, which builds on the work of another partner, EnviroLeach. This third company has developed a water-based process to extract PGMs from catalytic converters, with up to 90% of the precious metals being recovered. The process removes the need for harmful substances, such as cyanide, to be used in the extraction process, which have been an industry standard but pose significant risks to human health and environmental safety.
This collaborative approach could help share information that could be beneficial across the mining industry, a sector which could see an increased demand for innovative waste treatment in the future. EnviroLeach notes that global electronic waste is predicted to increase to 78 million tonnes by 2026 as electronic devices become more widespread, and demand for gadgets increases.
Comstock targets mercury removal
Another mining company targeting a particular mineral is Comstock Mining, a Nevada-based miner that aims to improve the recovery and removal of mercury from mine tailings. The poisonous metal has long been a source of public health concerns in both artisanal mining and large-scale operations. A 2018 report found that over 1,000 tonnes of mercury was produced in the artisanal gold mining sector, due to the metal’s use in separating gold from non-precious ores. Notably, the waste that flooded the town of Brumadinho in the infamous Vale tailings dam collapse was found to contain dangerous quantities of mercury, arsenic, and manganese.
https://www.mining-technology.com/features/circular-economy-the-projects-leading-the-way-in-mining-waste-recovery/
What is going on? What can we expect in the next 3 months?
No one ever said 2 plants running by now except you just now.
Never issued nr for quarterly before. Likely that is the reason.
First Q out as well. Interesting that no PR is issued with a recap and some guidance. Why the sudden darkness?
Year end earnings out. Looks like we’re running out of cash fast. Not good. I thought they would have 2 plants up and running by now. Whatever happened to a deal with Apple. Guess that was a pipe dream. Sigh
EVLLF...575...Bullish Engulfing Candle signaling a Reversal to the Upside...
Chart...http://schrts.co/WviedTRd
No idea. They have to optimize their process and get long term contracts for the feed stock they are targeting, so we might have to wait for a while. They don't want to tip their hand bout how well the process works to the people they are negotiating with, otherwise the price goes up, and the anxious shareholders begging for an update would end up disappointed.
Any idea when they will report?
The plant is supposed to be operating full time next month. Maybe one of the failure charts will get lucky one of these days.
News! EnviroLeach Grants Stock Options
ANCOUVER, BC / ACCESSWIRE / April 27, 2020 / EnviroLeach Technologies Inc. (the ``Company`` or "Enviroleach") (ETI.CN) (EVLLF)(7N2.F) announced today that it has granted a total of 1,950,000 stock options to employees, directors and consultants of the Company.
1,550,000 options are at an exercise price of $0.76 and valid for a period of five years from the date of the grant, subject to vesting provisions. 400,000 options are at an exercise price of $1.00 and valid for a period of two years from the date of the grant, subject to vesting provisions
The options are granted in accordance with the Company's Stock Option Plan approved by the shareholders on June 14, 2018.
https://finance.yahoo.com/news/enviroleach-grants-stock-options-210500915.html
The Mineworx/Davis Partnership together will develop, build and operate a commercial pilot plant to recover platinum group metals ("PGM") from catalytic converters. The plant will be located on the Davis 12-acre property near their recycling facility in Tennessee and will utilize the licensed EnviroLeach technology, which was announced on February 26.
NEWS! https://investorshub.advfn.com/boards/read_msg.aspx?message_id=155048180
24 straight months of charts that are wrong. Bottle spinning provides more reliable results.
I have aligned the move with the bollinger band squeeze...
EVLLF...749...Psar flipped to a Bullish Buy Position on the Bollie Squeeze...Bounce form 50 range to .75 range yesterday...
georgie18 Monday, 04/13/20 03:20:10 PM
Re: None 0
Post #
668
of 671
EVLLF...5431...Hod...Bollies squeezing real hard here...Psar gonna flip to a Bullish Buy Position...
what happened with evllf today?
is there some news?
up 53% in regular hours
giving up half the gains in after hours
still, i'll take it
EVLLF...5431...Hod...Bollies squeezing real hard here...Psar gonna flip to a Bullish Buy Position...
Yes the news release said there is a hold so not sure why you question it just because you have an impossible theory that the pp guys somehow have been able to avoid the hold.
I don't waste my time studying trading houses or try to guess who is trading so can't help you. There are 80M shares out and anyone is free to sell theirs if they get a hot tip on another stock, so mind reading (which I don't have any training in) is the only way anyone can find out who does the daily trades.
E*TRADE glitch ignore.
Wasn’t there a lockup for these shares. There are 3.83 million available on the ask at .48c right now
EnviroLeach Closes Private Placement for $2.35 Million
March 27, 2020
VANCOUVER, BC / ACCESSWIRE / March 27, 2020 / EnviroLeach Technologies Inc. (the "Corporation" or "EnviroLeach"), (CSE:ETI)(OTCQB: EVLLF), is pleased to announce the completion of its previously announced non-brokered private placement having received subscriptions for 3,144,001 units ("Unit") at a price of $0.75 per Unit, for total gross proceeds of $2,358,001. Insiders accounted for 9.8% of the placement.
Each Unit consists of one common share in the capital of the Corporation and one common share purchase warrant ("Warrant"). Each Warrant entitles the holder to purchase one common share in the capital of the Corporation at a price of $1.00 at any time prior to 4:30 pm PDT on March 25, 2022. The expiry date of the Warrants is subject to acceleration as follows: If at any time after July 25, 2020, the closing price (or closing bid price on days when there are no trades) of the common shares on the Canadian Securities Exchange exceeds CA $2.00 for 15 consecutive trading days, then, the Corporation may send Warrant holders notice of acceleration of the expiry date ("Amended Expiry Date") and issue a news release announcing the Amended Expiry Date. The Amended Expiry Date will be 30 days after the date on which notice of the new date is sent to the Warrant holders.
The securities issued in connection with this private placement will be subject to a hold period under Canadian securities legislation which will expire on July 24, 2018. Finders fees of $37,800 in cash will be paid and 42,000 compensation warrants ("Compensation Warrant") will be issued in connection with the private placement. Each Compensation Warrant will entitle the holder to purchase one unit (consisting of one common share and one common share purchase warrant) at the private placement offering price of $0.75 per unit and will be exercisable until March 25, 2022. Each underlying common share purchase warrant will be subject the same terms as the Warrants.
The Corporation intends to use the proceeds from the private placement for general working capital, E-Waste facility upgrades and to continue the development of its technologies.
The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements. This news release does not constitute an offer for sale of securities for sale, nor a solicitation for offers to buy any securities.
https://www.streetinsider.com/Accesswire/EnviroLeach+Closes+Private+Placement+for+%242.35+Million/16670450.html
3 Aces enviro gold leaching a success
Golden Predator sees wider potential for EnviroLeach tech
Last updated 3/5/2020
Golden Predator Mining Corp. has been testing EnviroLeach Technologies Inc.'s non-cyanide and environmentally friendly way to recover gold from concentrates produced from gravity separation at its 3 Aces project in eastern Yukon.
The EnviroLeach process, which uses five ingredients that are FDA approved for human consumption to dissolve and a diamond-based electrochemical process to ultimately recover gold and other metals, has recovered 93.2% of the gold in a two-metric-ton sulfide concentrate sample from 3 Aces.
Following the successful EnviroLeach tests at 3 Aces, Golden Predator, EnviroLeach Technologies and enCore Energy Corp. entered into an agreement to form Group 11 Technologies Inc., to test additional applications for the EnviroLeach process, including the potential for in-situ extraction of gold and other metals.
Further detail on Group 11 Technologies can be read at Drilling gold wells with EnviroLeach tech –
https://www.miningnewsnorth.com/story/2020/03/06/northern-neighbors/3-aces-enviro-gold-leaching-a-success/6200.html
EnviroLeach Announces Private Placement Not for Distribution to United States Newswire Services or for Dissemination in the United States
March 06, 2020 05:30 ET | Source: EnviroLeach Technologies Inc.
VANCOUVER, British Columbia, March 06, 2020 (GLOBE NEWSWIRE) -- EnviroLeach Technologies Inc. (the “Company “or “EnviroLeach”), (CSE: ETI) announces it has arranged a non-brokered private placement offering of 2,500,000 units (each, a “Unit”) at a subscription price of CAD$1.00 per Unit, representing total gross proceeds of CAD$2,500,000.
The Company has received subscription commitments representing the total amount of the private placement. Should the offering be oversubscribed, the Company maintains the right to accept the additional funds. The securities issued in connection with this private placement will be subject to a four month hold period.
Each Unit consists of one common share of EnviroLeach (a "Share") and one common share purchase warrant (a "Warrant"). Each Warrant will entitle the holder, on exercise, to purchase one additional common share of the Company (a “Warrant Share”) at a price of $1.50 per Warrant Share at any time on or before 24 months from the date of issue. The expiry of the Warrants will be subject to an acceleration clause as follows: If at any time following the expiry of the four month hold period under securities legislation the stock trades at or above $2.50 for 15 consecutive trading days, the Company may accelerate the expiry date to 30 days from date of notice.
The Company intends to use the proceeds from the private placement for upgrades to its E-Waste processing facility and for general working capital. Certain directors, officers and insiders of the Company may participate in the Private Placement.
The Private Placement is expected to close on or about March 16, 2020. The Company may pay a finder's fee in connection with the Private Placement within the amount permitted by the policies of the Exchange. Completion of the offering is subject to all required regulatory approvals, including the acceptance of the Canadian Securities Exchange (the “CSE”).
The shares to be issued under the Offering have not been and will not be registered under the U.S. Securities Act of 1933, as amended, or any state securities laws and may not be offered or sold in the United States or to U.S. Persons absent registration or an applicable exemption from registration. This press release is not an offer or a solicitation of an offer of securities for sale in the United States, nor will there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
https://www.globenewswire.com/news-release/2020/03/06/1996379/0/en/EnviroLeach-Announces-Private-Placement.html
Very interesting! Insider Buying: The EnviroLeach Technologies Inc. (CSE:ETI) Independent Director Just Bought CA$113k Worth Of Shares
March 30, 2020
Even if it's not a huge purchase, we think it was good to see that Kenneth McNaughton, the Independent Director of EnviroLeach Technologies Inc. (CSE:ETI) recently shelled out CA$113k to buy stock, at CA$0.75 per share. Even though that isn't a massive buy, it did increase their holding by 60%, which is a arguably a good sign.
https://finance.yahoo.com/news/insider-buying-enviroleach-technologies-inc-102131082.html
Do you work there? Otherwise consider the management knows they need money.
Dilution machine in full force.
EVLLF...52...G.research in conjunction with Gabelli Funds, will host the 6th Annual Waste & Environmental Services Symposium, Thursday April 2nd via webcast. This timely conference will feature presentations by senior management of several leading companies, with an emphasis on industry dynamics, new technologies, and company fundamentals...
https://www.otcmarkets.com/stock/EVLLF/news/Gresearchs-6th-Annual-Waste--Environmental-Services-Virtual-Conference-Thursday-April-2nd-2020?id=257983
Huge dilution. What are they doing here. Turn off the spickets.
Dilution machine rammed up again. Damn
EVLLF...84...https://www.otcmarkets.com/stock/EVLLF/news/EnviroLeach-Announces-Private-Placement?id=255817
VANCOUVER, British Columbia, March 06, 2020 (GLOBE NEWSWIRE) -- EnviroLeach Technologies Inc. (the “Company “or “EnviroLeach”), (CSE: ETI) announces it has arranged a non-brokered private placement offering of 2,500,000 units (each, a “Unit”) at a subscription price of CAD$1.00 per Unit, representing total gross proceeds of CAD$2,500,000.
The Company has received subscription commitments representing the total amount of the private placement. Should the offering be oversubscribed, the Company maintains the right to accept the additional funds. The securities issued in connection with this private placement will be subject to a four month hold period.
Each Unit consists of one common share of EnviroLeach (a "Share") and one common share purchase warrant (a "Warrant"). Each Warrant will entitle the holder, on exercise, to purchase one additional common share of the Company (a “Warrant Share”) at a price of $1.50 per Warrant Share at any time on or before 24 months from the date of issue. The expiry of the Warrants will be subject to an acceleration clause as follows: If at any time following the expiry of the four month hold period under securities legislation the stock trades at or above $2.50 for 15 consecutive trading days, the Company may accelerate the expiry date to 30 days from date of notice.
They need to get something going. LOI is often just a lure. Not much volume on this news. I think we could go back down a bit before we go up much.
Got to love the OTC. I got stopped out at .87. Wish I had been watching instead of working out so I could have bought some back in the .60s. Now I have to wait.
How low will it go. Wow .70c
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