Bacanora Minerals Ltd (“Bacanora” or the “Company”) Update re Strategic Cornerstone Investor Financing

bacanora minerals update re strategic cornerstone investor financing

Bacanora Minerals Ltd., the London and Canadian listed lithium explora-on and development company, is pleased to confirm that its previously announced equity offering with NextView Capital (“NextView”), a leading Chinese ins-tu-onal fund management group focused on new technologies and energy, is ongoing. As
announced via news release dated 14 December 2017, NextView has agreed to acquire 32,976,635 common shares in the Company (the “Placing”) at a price of 94.53 pence (approximately C$1.6223) per share for aggregate gross proceeds of £31,172,813 (approximately C$53,498,000). The previously es-mated date for
comple-on (being end of January 2018) is being extended and both par-es remain commiBed to proceeding with the Placing. Further timing updates will be provided as and when available.

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