Bacanora Announces Completion of Equity Financing

http://www.marketwatch.com/story/bacanora-announces-completion-of-equity-financing-2017-05-24-17160180

CALGARY, ALBERTA, May 24, 2017 (Marketwired via COMTEX) — CALGARY, ALBERTA–(Marketwired – May 24, 2017) – BACANORA MINERALS LTD. (“Bacanora” or the “Company”) (BCN)(aim:BCN), the Canadian and London listed lithium exploration and development company, has entered into a Subscription Agreement (the “Subscription”) with Capital Research and Management Company (“Capital”). Under the terms of the Subscription, Capital has agreed to subscribe for 8,573,925 new Common Shares in Bacanora (the “Subscription Shares”) at a price of 86 pence (approximately C$1.51) per ordinary share, raising gross proceeds of approximately £7.4 million (approximately US$9.6 million / approximately CAD $13 million) for the Company.

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