Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksBCN.L Regulatory News (BCN)

  • There is currently no data for BCN

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Holding(s) in Company

20 Sep 2016 16:45

RNS Number : 3686K
Bacanora Minerals Ltd
20 September 2016
 

20 September 2016

 

Bacanora Minerals Ltd.

 ("Bacanora" or the "Company")

 

Holding in Company

 

Bacanora, the Canadian and London listed (TSX-V: BCN and AIM: BCN) lithium and borates company focussed on Mexico, has noted that Igneous Capital Limited ("Igneous"), a company in which Mr. Graham Edwards has an interest, notified SEDI in Canada on 17 September 2016 that it had agreed to sell 4.5 million shares in Bacanora on 16 September 2016 at £1 per share. Igneous' shareholding in the Company on completion of the sale will be 10.5 million shares representing 9.73% of the issued share capital of the Company. The Company also notes the announcement this morning by Rare Earth Minerals Plc that it has agreed to acquire 4.5 million shares in Bacanora with completion due by the end of the month, taking its interest to 19.8% of the Company's issued share capital.

 

Enquiries please contact:

 

Bacanora Minerals Ltd.

 

Peter Secker, CEO

info@bacanoraminerals.com

 

Cairn Financial Advisers LLP, Nomad

 

Sandy Jamieson / Liam Murray

 

+44 (0) 20 7148 7900

Numis Securities Ltd,

Broker

 

John Prior/James Black/Paul Gillam

+44 (0) 20 7260 1000

St Brides Partners, Financial PR Adviser

Frank Buhagiar / Elisabeth Cowell / Hugo de Salis

+44 (0) 20 7236 1177

 

 

 

ABOUT BACANORA:

Bacanora is a Canadian and London listed minerals explorer (TSX-V: BCN and AIM: BCN). The Company explores and develops industrial mineral projects, with a primary focus on lithium and borates. The Company's operations are based in Hermosillo in northern Mexico and it currently has two significant projects under development in the state of Sonora. The two main assets of Bacanora are: 

 

· The Sonora Lithium Project, which consists of ten mining concession areas in the northeast of Sonora State. The Company, through drilling and exploration work to date, has established an Indicated Mineral Resource (in accordance with NI 43-101) of 4.46 Mt LCE contained in 259 Mt of clay at a Li grade of 3,200 ppm and an Inferred Mineral Resource of 2.74 Mt LCE contained in 160 Mt of clay at a Li grade of 3,200 ppm.

 

· The Magdalena Borate Project in Sonora state, Mexico, where the Company's main borate zone, El Cajon, has an Indicated Resource (in accordance with NI 43-101) of 1.17 Mt of B2O3, at an eight per cent. cut-off grade. The Company has completed a number of measures to determine the geological and commercial potential of the project and is undertaking a pre-feasibility exercise to determine the economic benefit of developing the mine and constructing a processing plant on site in order to become a supplier of boric acid.

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
HOLURSVRNAAKUAR
Date   Source Headline
7th Jul 20167:00 amRNSBacanora Minerals Update on the Sonora Project
7th Jul 20167:00 amRNSBCN - UPDATE ON THE SONORA LITHIUM PROJECT
24th Jun 20167:00 amRNSBCN Announces Proposed Re-Domicile to the UK
31st May 20167:10 amRNSHolding(s) in Company
31st May 20167:00 amRNS3rd Quarter Results
31st May 20167:00 amRNSBCN - MD&A 31st of March 2016
31st May 20167:00 amRNSBCN - Financial Statement 31st of March 2016
23rd May 20167:00 amRNSBacanora - Blackrock Financing
29th Apr 20167:00 amRNSDirector/PDMR Shareholding
28th Apr 20167:00 amRNSDirectorate Change
18th Apr 20167:00 amRNSFiling of PFS and Project Updates
9th Mar 20167:00 amRNSCorporate Presentation and Change of Adviser
3rd Mar 20167:00 amRNSPre-Feasibility Study - Press Release
1st Mar 20167:00 amRNSInterim Results
25th Jan 20167:01 amRNSAppointment of Joint Broker
25th Jan 20167:00 amRNSConsultancy Agreement and Option Grant
18th Jan 20162:46 pmRNSDirector/PDMR Shareholding
6th Jan 20167:00 amRNSFiling of Technical Report
21st Dec 20157:00 amRNSDirectorate Change
8th Dec 20152:00 pmRNSOfftaker Update
4th Dec 20158:50 amRNSAward of Options
3rd Dec 20157:00 amRNSIssue of Equity
2nd Dec 20157:15 amRNSDirector/PDMR Shareholding
27th Nov 20157:00 amRNSDirector Appointment
24th Nov 20157:00 amRNS1st Quarter Financial Statements
23rd Nov 20157:00 amRNSUpdated Mineral Resource Estimate
20th Nov 20155:19 pmRNSHolding(s) in Company
20th Nov 20155:16 pmRNSHolding(s) in Company
16th Nov 20157:00 amRNSIssue of Equity
28th Oct 20157:39 amRNSFinal Results
17th Sep 201511:06 amRNSHolding(s) in Company
11th Sep 20157:45 amRNSDirector/PDMR Shareholding
1st Sep 20157:04 amRNSSonora Drilling Programme and Updated Results
28th Aug 20154:40 pmRNSSecond Price Monitoring Extn
28th Aug 20154:35 pmRNSPrice Monitoring Extension
28th Aug 20157:00 amRNSSonora Signs Lithium Supply Agreement
14th Aug 20159:30 amRNSIssue of Equity
8th Jul 20157:00 amRNSSonora Lithium Project Update
29th Jun 20157:00 amRNSFiling of Technical Report
23rd Jun 20158:57 amRNSExercise of Warrants and Issue of Equity
22nd Jun 20157:00 amRNSDirector Change
15th Jun 20157:00 amRNSResult of AGM
10th Jun 20152:58 pmRNSHolding(s) in Company
9th Jun 20159:03 amRNSStatement re Share Price Movement
5th Jun 20157:00 amRNSProject Update and Corporate Presentation
1st Jun 20157:00 amRNS3rd Quarter Results
22nd May 20157:00 amRNSDrilling Results Sonora Lithium Project, Mexico
19th May 20157:00 amRNSAppointment of CEO
14th May 20157:00 amRNSSonora Lithium Project - Resource Update
8th May 20154:36 pmRNSNotice of AGM

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.