VANCOUVER, March 25, 2019 - 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
