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EnviroLeach Technologies Inc. (CSE: ETI) (OTCQB: EVLLF) has closed a private placement offering of 6,700,000 units at a subscription price of C$1.50 per unit, representing total gross proceeds of C$10,050,000. Each unit consists of one common share and one common share purchase warrant. The warrants have a two-year term and an exercise price of C$2.50 per share. If at any time after July 2, 2018, the closing price of the common shares on the CSE exceeds C$3.00 for 10 consecutive trading days, then, upon notification, the warrants will only be exercisable for a period of 30 days following the date on which notice is sent to the warrant holders.
EnviroLeach Technologies Inc. intends to use the proceeds from the private placement for general working capital and to continue the development of its technologies.
ROTH Capital Partners acted as sole placement agent for the offering.
About EnviroLeach Technologies Inc.
EnviroLeach Technologies Inc. is a technology company and near-term gold producer that is engaged in the development and commercialization of environmentally-friendly formulas and technologies for the treatment of materials in the mining and E-Waste sectors. Using its proprietary non-cyanide, water-based, near neutral pH treatment process, EnviroLeach extracts precious metals from ores, concentrates, and E-Waste using only FDA approved additives to ambient temperature water. For more information, please visit
(Source: Company Press
Release | 3/2/18)
About ROTH Capital Partners
ROTH Capital Partners, LLC (ROTH), is a relationship-driven
investment bank focused on serving emerging growth companies and
their investors. As a full-service investment bank, ROTH provides
capital raising, M&A advisory, analytical research, trading,
market-making services and corporate access. Headquartered in
Newport Beach, CA, ROTH is privately-held and employee owned, and
maintains offices throughout the U.S. For more information on ROTH,
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