Envirometal Technologies Inc. (EVLLF)

[TPX]

News! EnviroLeach ? Announces Private Placement

Nov. 27, 2020

November 27, 2020 (ACCESSWIRE via COMTEX) -- Not for Distribution to United States Newswire Services or for Dissemination in the United States

VANCOUVER, BC / ACCESSWIRE / aEURNovember 27, 2020 / EnviroLeach Technologies Inc.,aEUR("EnviroLeach"), (CSE:ETI)(OTCQB:EVLLF)(FSE:7N2) a technology company specializing in precious metal extraction processes with applications in the primary and secondary metals sectors, announces a non-brokered private placement (the "Private Placement") of up to 10,000,000 units at a price of $0.30 per unit for gross proceeds of up to $3,000,000. Each unit will consist of one common share and one common share purchase warrant. Each warrant will entitle the holder to purchase one additional common share of the Company at a price of $0.50 per share for a period of twenty-four months from the date of closing.

The proceeds of the Private Placement will be utilized for the acquisition of feedstock for its Vancouver printed circuit board assembly processing facility and general working capital. The securities to be issued under the placement will be subject to a four-month hold period. The Private Placement is expected to close on or about December 15, 2020, and is subject to certain closing conditions including, but not limited to, the receipt of all necessary approvals by the applicable securities regulatory authorities including the Canadian Securities Exchange.aEUR

Certain directors and officers of the Company intend to purchase units under the Private Placement.

https://www.marketwatch.com/press-release/enviroleach-announces-private-placement-2020-11-27?tesla=y