Bacanora Minerals Ltd Transfer of Shares (8890P)
23 November 2016 - 6:00PM
UK Regulatory
TIDMBCN
RNS Number : 8890P
Bacanora Minerals Ltd
23 November 2016
Bacanora Minerals Ltd
('Bacanora' or the 'Company')
Transfer of Shares
The Board of Bacanora, the Canadian and London listed (TSX-V:
BCN and AIM: BCN) company focused on developing the Sonora Project
in Mexico, announces that on 21 November 2016, the Company was
notified that 2,404,831 shares in Bacanora were transferred to the
named beneficiaries of the estate of Colin Orr-Ewing on 4 November
2016 as part of the settlement process for the estate. Accordingly
the Colin Orr-Ewing Estate now holds 8,413,962 shares in Bacanora
representing 7.59% of the Company's issued share capital.
For further information, please contact:
Bacanora Minerals Peter Secker, CEO info@bacanoraminerals.com
Ltd.
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Cairn Financial
Advisers LLP, Sandy Jamieson/Liam +44 (0) 20
Nomad Murray 7213 0880
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Numis Securities
Ltd, John Prior/James +44 (0) 20
Broker Black/Paul Gillam 7260 1000
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St Brides Partners,
Financial PR Frank Buhagiar/ Elisabeth +44 (0) 20
Adviser Cowell 7236 1177
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Macquarie Capital
(Europe) Limited, +44 (0) 20
Corporate Adviser Raj Khatri 3037 2000
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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.
The Sonora Lithium Project, which consists of ten mining
concession areas covering approximately 100 thousand hectares 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 4.5 million tonnes (LCE)
and 2.7 million tonnes Inferred. A PFS completed in Q1 2016
demonstrated the robust economics associated with becoming a 35,000
tpa lithium carbonate and 50,000 tpa SOP producer in Mexico.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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