Bion Reports on Finance and Leadership
Summary
Montana, Aug. 23, 2024 (GLOBE NEWSWIRE) -- Bion Environmental Technologies, Inc. (OTC QB: BNET), a leader in advanced livestock waste treatment technology and sustainable livestock production, announced today that it has received a commitment from a group led by its three newest board members for $500,000 in short term financing.Details of the transaction will be available in an 8-k, to be filed next week. Proceeds will be used to maintain the companys operations until a larger offering can be completed.Bions new leadership intends to pursue both the Stovall Ranching Company JV to produce premium Montana beef, and the standalone opportunity to provide ammonia control solutions in the industrial and municipal sectors.Craig Scott, Bions interim CEO, stated, Its no secret we ran out of both leadership and cash; but we are serious about putting the train back on the tracks. It supports the Gen3Tech system that will minimize environmental impacts from CAFO/ livestock waste, generate Renewable Natural Gas, improve resource and production efficiencies, and produce the cleanest, most eco-friendly finished beef in the marketplace. Bion is focused on developing state-of-the-art indoor cattle feeding operations and providing solutions in the fast-growing clean fuels industry. See Bions website at .This material includes forward-looking statements based on managements current reasonable business expectations.