8-K

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 14, 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

ITEM 7.01 REGULATION FD DISCLOSURE.

On August 14, 2019, the Company issued a press release titled ‘Bion’s Readily-Available Nitrogen Fertilizer Passes Key Hurdle’ which has been placed on the Investor page of the Company's website.

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’s Readily-Available Nitrogen Fertilizer Passes Key Hurdle’

SIGNATURE

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 15, 2019	By:  /s/ Mark A. Smith Mark A. Smith, President

EX-99.1

Exhibit 99.1

 

Bion’s Readily-Available Nitrogen Fertilizer Passes Key Hurdle

August 14, 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, announced that the Terms and Definitions Committee of the Association of American Plant Food Control Officials (AAPFCO) has recommended to officially approve ammonium bicarbonate at their next meeting in February 2020, as a listed fertilizer under their guidelines.

Bion’s 3G technology captures the volatile ammonia in the livestock waste stream and converts it into stable concentrated ammonium bicarbonate. It will contain 12 to 17 percent nitrogen in a crystalline form that is easily transported, water soluble and provides readily-available nitrogen. It will contain none of the other salt, iron and mineral constituents of the livestock waste stream, and will be in an industry-standard form that can be precision-applied to crops using existing equipment. 

AAPFCO is an organization of fertilizer control officials from each state in the United States, Canada and Puerto Rico, that provide uniform standards for the fertilizer industry. All states, Canada and PR require fertilizers to (at least) meet AAPFCO standards. The ammonium bicarbonate application to AAPFCO was originally submitted, considered, and defined at the AAPFCO meeting in February 2019.  At the Summer Annual meeting in August 2019, the AAPFCO Terms and Definitions Committee recommended to the AAPFCO Board that the definition be voted on as official at the next AAPFCO meeting in February 2020. 

Craig Scott, Bion’s director of communications, stated, “AAPFCO recognition is a key requirement in rolling out our readily-available nitrogen coproduct. It will allow us to move forward with the various state certifications we will need as we establish the markets for ammonium bicarbonate. We are simultaneously preparing applications to the Organic Materials Review Institute (OMRI) to certify several coproducts for use in organic crop production.”

____________________________________________

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 ‘can’, ‘will', 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