http://www.proactiveinvestors.com/companies/news/126244

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.