UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
August 1, 2019
Date of Report (date of earliest event reported)
BION ENVIRONMENTAL TECHNOLOGIES, INC.
Exact name of Registrant as Specified in its Charter
Colorado | 000-19333 | 84-1176672 | ||
State or Other Jurisdiction of Incorporation | Commission File Number | IRS Employer Identification Number |
Box 566/1774 Summitview Way
Crestone, Colorado 81131
Address of Principal Executive Offices, Including Zip Code
(212) 758-6622
Registrant's Telephone Number, Including Area Code
Not applicable
Former name or former address, if changed since last report
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Securities Act. ☐
Securities registered pursuant to Section 12(b) of the Securities Exchange Act:
Title of each class: | Trading Symbol | Name of each exchange on which registered | |||
Common Stock | BNET | OTC QB |
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ITEM 7.01 REGULATION FD DISCLOSURE.
On August 1, 2019, the Company issued a press release titled ‘Bion Issues 2019 Mid-Year Update and Outlook ’ which has been placed on the Investor page of the Company's website together with the 2019 Mid-Year Update and Outlook.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
(a) Financial Statements of Businesses Acquired
Not Applicable.
(b) Pro Forma Financial Information
Not Applicable.
(c) Shell Company Transactions
Not Applicable.
(d) Exhibits.
Exhibit Number |
Description | |
99.1 | Press Release titled ‘Bion Issues 2019 Mid-Year Update and Outlook’ (August 1, 2019). |
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Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
BION ENVIRONMENTAL TECHNOLOGIES, INC. | |
Date: August 2, 2019 | By: /s/ Mark A. Smith Mark A. Smith, President |
Exhibit 99.1
Bion Issues 2019 Mid-Year Update and Outlook
August 1, 2019. New York. New York. Bion Environmental Technologies, Inc. (OTC QB: BNET), a developer of advanced livestock waste treatment technology that recovers high-value coproducts from the waste, today released a mid-year update and provided an outlook on the rest of 2019. The report focuses on three key areas:
The full update can be found on Bion’s website at https://biontech.com/bion-update-and-outlook-august-2019/.
Craig Scott, Bion’s director of communications, stated, “We’ve had an exciting first of half of 2019. The technology trials and piloting have gone very well, with capabilities and efficiencies being closely in line with our expectations. We anticipate further success in our current round of trials in preparation to move forward with projects by the end of 2019.
In Pennsylvania, after a 33-17 victory in the Senate in June, we look forward to the legislators returning from the summer recess so we can finish up in the House. At the break, the legislation was introduced in the House State Government Committee, chaired by Garth Everett, the 2017-18 Chairman of the Chesapeake Bay Commission. With recent statements out of Virginia, Maryland, and the Chesapeake Bay Foundation, real concerns over litigation have sparked a new sense of urgency.
Lastly, Bion’s business model and economics continue to move away from legislative/ policy dependence as we continue to achieve improvements in technology platform efficiencies and associated economics; secure organic certification for our co-products; finalize USDA certification of an environmentally sustainable brand and incorporate blockchain technology to capture value-added pricing by addressing consumer sustainability and food safety concerns. Bion’s mission is to be the leader in providing consumers with sustainable, traceable, third-party verified livestock protein products.”
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Bion provides comprehensive treatment and resource recovery for animal waste from large-scale livestock production facilities. The technology platform achieves dramatic verified reductions in environmental impacts, including nutrients (nitrogen and phosphorus), ammonia, greenhouse and other gases, as well as pathogens in the waste stream, while improving resource and operational efficiencies through the production of valuable coproducts. For more information, see Bion’s website, www.biontech.com.
This material includes forward-looking statements based on management's current reasonable business expectations. In this document, the words ‘anticipate’, ‘to be', ‘outlook’ and similar expressions identify certain forward-looking statements. These statements are made in reliance on the Private Securities Litigation Reform Act, Section 27A of the Securities act of 1933, as amended. There are numerous risks and uncertainties that could result in actual results differing materially from expected outcomes.
Contact Information:
Craig Scott
Director of Communications
303-843-6191 direct