Bacanora heavily backed by investment titan Blackrock

Lithium explorer Bacanora Minerals Ltd (LON:BCN CVE:BCN) has pulled in heavyweight investor Blackrock as a substantial shareholder.

Funds managed by Blackrock have put up £7.7mln through a placing of 9.75mln units at 79p each. The units include warrants that if exercised would take the amount raised to £10mln.

Bacanora wants the money to define more precisely its Sonora project in Mexico.



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