CALGARY, ALBERTA–(Marketwired – May 20, 2016) – BACANORA MINERALS LTD. (“Bacanora” or the “Company”) (TSX VENTURE:BCN) (AIM:BCN), the London and Canadian listed lithium company which is developing the Sonora Lithium Project in northern Mexico(1), is pleased to announce that it has raised £7,702,500 (approximately US$11.2 million / approximately CAD $14.7 million) via the placing of 9,750,000 units (the “Placing Units”) at a price of 79 pence (approximately CAD $1.48) per Placing Unit (the “Placing”) with certain funds and accounts managed by BlackRock (“BlackRock”). Each Placing Unit is comprised of one new common share of the Company (a “Placing Share”) and 0.3 of one common share purchase warrant, with each whole warrant (a “Placing Warrant”) being exercisable into one common share at a price of 79 pence at any time subsequent to July 25, 2016, but on or before September 30, 2016. Accordingly, an aggregate of 9,750,000 Placing Shares and 2,925,000 Placing Warrants are issuable under this Placing. In the event that the Placing Warrants are fully exercised, the total proceeds received by the Company from the Placing will be approximately £10,000,000 (approximately US$14.6 million / approximately CAD $19.1 million). The Placing is in line with the Company’s strategy to increase the institutional representation of its shareholder register and follows the securing of Bacanora’s first major institutional investor in November 2015.
Borates
Bacanora Announces Appointment of New Director and Option Grant
CALGARY, ALBERTA–(Marketwired – April 27, 2016) – BACANORA MINERALS LTD. (“Bacanora” or the “Company”) (TSX VENTURE:BCN)(AIM:BCN), the London and Canadian listed lithium and borates company focussed on Mexico, is pleased to confirm the previously announced appointment of Mark Hohnen as a Director of the Company with immediate effect (see the Company’s announcement released on November 26, 2015).
Bacanora Minerals Announces Sonora Lithium Project Update, Filing of Pre-Feasibility Study and Amended Mineral Resource Estimate
CALGARY, ALBERTA, Apr 15, 2016 (Marketwired via COMTEX) — BACANORA MINERALS LTD. (“Bacanora” or the “Company”) (BCN)(aim:BCN), is pleased to provide an update regarding its recent and forthcoming activities at the Sonora Lithium Project(1) in northern Mexico (“Sonora”).
Bacanora Announces Appointment of Joint Broker
CALGARY, ALBERTA–(Marketwired – Jan. 25, 2016) – BACANORA MINERALS LTD. (“Bacanora” or the “Company”) (TSX VENTURE:BCN)(AIM:BCN), the London and Canadian listed lithium and borates company focussed on Mexico, is pleased to announce the appointment of Stifel Nicolaus Europe Ltd as its joint broker with immediate effect. HD Capital Partners Ltd will remain as joint broker to the Company.
Bacanora Announces Consultancy Agreement and Option Grant
CALGARY, ALBERTA–(Marketwired – Jan. 22, 2016) – BACANORA MINERALS LTD. (“Bacanora” or the “Company”) (TSX VENTURE:BCN)(AIM:BCN) is pleased to announce the entering into of a consultancy agreement in respect of the liason with and procurement of potential purchasers for the Company’s lithium products. The agreement is with a private company that is controlled by Mark Hohnen, who is a proposed nominee for election to the Board of Bacanora whose approval as a director remains subject to final regulatory approval.