Bacanora Minerals Raises CA$4.29 Million From Warrant Exercises

https://www.juniorminingnetwork.com/junior-miner-news/press-releases/924-tsx-venture/bcn/25321-bacanora-minerals-raises-ca-4-29-million-from-warrant-exercises.html

CALGARY, ALBERTA–(Oct. 5, 2016) – BACANORA MINERALS LTD. (“Bacanora” or the “Company”) (TSX VENTURE:BCN)(AIM:BCN), the Canadian and London listed lithium, exploration and development company focussed on Sonora, Mexico, announces that the Company has issued 2,925,000 new common shares in the Company (the “New Shares”) pursuant to the exercise of warrants at CAN$1.47 each (79p).

Application will be made for the 2,925,000 New Shares to be admitted to trading on AIM. Admission is expected to occur on or around October 12, 2016. The New Shares will rank pari passu with the existing common shares in issue. Following the issue of the New Shares as outlined above, there will be 110,799,353 Common Shares in issue. This number may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company.

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