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Article: BioteQ to Restart Lluvia SART Operations.
- Article from:
- Marketwire Canada
- Article date:
- November 5, 2009
CopyrightCOPYRIGHT 2009 Canadian Corporate News. News Provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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VANCOUVER, BRITISH COLUMBIA, Nov 5, 2009 (Marketwire via COMTEX) -- BioteQ Environmental Technologies Inc. (TSX:BQE), a leader in the treatment of industrial waste water, is initiating plans to restart SART plant operations at the Lluvia de Oro gold mine site in Mexico, owned by NWM Mining (TSX VENTURE:NWM). NMW Mining announced on October 30 that it has closed a private placement equity financing of $3.99 million.
BioteQ sold the SART plant to NWM Mining on a sales lease as of June 2009. Minimum lease payments of US$150,000 per month are scheduled to commence in October 2010. Minimum loan repayments of $50,000 per month from NWM to BioteQ are scheduled to ...