TIDMBCN
RNS Number : 4424Y
Bacanora Minerals Ltd
03 March 2017
Bacanora Minerals Ltd
('Bacanora' or the 'Company')
Stock Option Grants
Bacanora (AIM: BCN, TSXV: BCN), the Canadian and London listed
lithium exploration and development company focused on building an
international lithium group, announces the grant of an aggregate of
2,937,400 options to acquire common shares in the capital of
Bacanora at a price of GBP0.85 (C$1.39), pursuant to the terms of
the Stock Option Plan of the Company.
A total of 425,000 of the foregoing options have been granted to
consultants and employees of the Company and its subsidiaries. Such
options vest immediately and are exercisable for a period of five
years. The remaining 2,512,400 of the foregoing options have been
granted to directors, officers and senior management members of the
Company and its subsidiaries. Such options vest as to 1/3 on the
date of grant and an additional 1/3 on each of the first and second
anniversaries of the date of grant and are exercisable for a period
of three years. All of the options granted yesterday (and the
common shares issuable upon exercise) will be subject to applicable
securities law hold periods.
The options are being granted to Directors and PDMRs of the
Company on the following basis:
Optionee Role Number of Exercise Expiry Date
Options Price*
------------------ ---------- ---------- ---------- ------------
Jamie Strauss Director 750,000 LIR0.85 March 1,
(C$1.39) 2020
------------------ ---------- ---------- ---------- ------------
James Leahy Director 500,000 LIR0.85 March 1,
(C$1.39) 2020
------------------ ---------- ---------- ---------- ------------
Mark Hohnen Director 249,900 LIR0.85 March 1,
(C$1.39) 2020
------------------ ---------- ---------- ---------- ------------
Raymond Director 200,000 LIR0.85 March 1,
Hodgkinson (C$1.39) 2020
------------------ ---------- ---------- ---------- ------------
Derek Batorowski Director 125,000 LIR0.85 March 1,
(C$1.39) 2020
------------------ ---------- ---------- ---------- ------------
Martin Vidal Director 125,000 LIR0.85 March 1,
(C$1.39) 2020
------------------ ---------- ---------- ---------- ------------
Peter Secker CEO/PDMR 300,000 LIR0.85 March 1,
(C$1.39) 2020
------------------ ---------- ---------- ---------- ------------
Cherif Rifaat PDMR 200,000 LIR0.85 March 1,
(C$1.39) 2020
------------------ ---------- ---------- ---------- ------------
Eric Carter PDMR 62,500 LIR0.85 March 1,
(C$1.39) 2020
------------------ ---------- ---------- ---------- ------------
TOTAL 2,512,400
------------------------------ ---------- ---------- ------------
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014.
For further information, please contact:
Bacanora Minerals Peter Secker, CEO info@bacanoraminerals.com
Ltd.
----------------------- ----------------------------- --------------------------
Cairn Financial
Advisers LLP, Sandy Jamieson/Liam +44 (0) 20
Nomad Murray 7213 0880
----------------------- ----------------------------- --------------------------
Numis Securities
Ltd, John Prior/James Black/Paul +44 (0) 20
Broker Gillam 7260 1000
----------------------- ----------------------------- --------------------------
St Brides Partners, Frank Buhagiar/ Elisabeth +44 (0) 20
Financial PR Adviser Cowell 7236 1177
----------------------- ----------------------------- --------------------------
ABOUT BACANORA:
Bacanora is a Canadian and London listed lithium exploration and
development company (TSX-V: BCN and AIM: BCN). The Company is
exploring for, and developing a pipeline of international lithium
projects, with a primary focus on the Sonora Lithium Project. The
Company's operations are based in Hermosillo in northern Mexico.
The Company is led by a team with lithium expertise and proven mine
development, construction and operations experience.
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 National Instrument 43-101 - Standards
of Disclosure for Mineral Projects ("NI 43-101")) of 4.5 million
tonnes (LCE) and 2.7 million tonnes Inferred. A Pre-Feasibility
Study completed in Q1 2016 demonstrated the economics associated
with becoming a 35,000 tpa lithium carbonate and 50,000 tpa SOP
producer in Mexico.
In addition to the Sonora Lithium Project, the Company also has
a 50% interest in the Zinnwald Lithium Project in southern Saxony,
Germany. The Zinnwald Lithium Project is located in a granite
hosted Sn/W/Li belt that has been mined historically for tin,
tungsten and lithium at different times over the past 300 years.
The strategic location of the Zinnwald Lithium Project allows
immediate access to the German automotive and downstream lithium
chemical industries.
Notification of a Transaction pursuant to Article
19(1) of Regulation (EU) No. 596/2014
--------------------------------------------------------------------------
1 Details of the person discharging managerial
responsibilities/person closely associated
----- -------------------------------------------------------------------
a. Name Jamie Strauss
-------------------------------------
2 Reason for
notification
----- ---------------------------- -------------------------------------
a. Position/Status Director
----- ---------------------------- -------------------------------------
b. Initial notification/ Initial notification
Amendment
----- ---------------------------- -------------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
-------------------------------------------------------------------
a. Name Bacanora Minerals Ltd
----- ---------------------------- -------------------------------------
b. LEI N/A
----- ---------------------------- -------------------------------------
4 Details of the transaction(s): section to
be repeated for (i) each type of instrument;
(ii) each type of transaction; (iii) each
date; and (iv) each place where transactions
have been conducted
----- -------------------------------------------------------------------
a. Description Common Shares of no par value
of the financial
instrument,
type of instrument
CA05634Q1054
Identification
Code
----- ---------------------------- -------------------------------------
b. Nature of the Grant of Options
transaction
----- ---------------------------- -------------------------------------
c. Price(s) and Price(s) Volume(s)
volume(s) per share
----- ---------------------------- ------------------ -------------
85 pence 750,000
----------------------------------------------------- -------------
d. Aggregated
information
750,000
- Aggregated
Volume 85p pence per share
- Price
----- ---------------------------- -------------------------------------
e. Date of the 2 March 2017
transaction
----- ---------------------------- -------------------------------------
f. Place of the London AIM
transaction
----- ---------------------------- -------------------------------------
Notification of a Transaction pursuant to Article
19(1) of Regulation (EU) No. 596/2014
--------------------------------------------------------------------------
1 Details of the person discharging managerial
responsibilities/person closely associated
----- -------------------------------------------------------------------
a. Name James Leahy
-------------------------------------
2 Reason for
notification
----- ---------------------------- -------------------------------------
a. Position/Status Director
----- ---------------------------- -------------------------------------
b. Initial notification/ Initial notification
Amendment
----- ---------------------------- -------------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
-------------------------------------------------------------------
a. Name Bacanora Minerals Ltd
----- ---------------------------- -------------------------------------
b. LEI N/A
----- ---------------------------- -------------------------------------
4 Details of the transaction(s): section to
be repeated for (i) each type of instrument;
(ii) each type of transaction; (iii) each
date; and (iv) each place where transactions
have been conducted
----- -------------------------------------------------------------------
a. Description Common Shares of no par value
of the financial
instrument,
type of instrument
CA05634Q1054
Identification
Code
----- ---------------------------- -------------------------------------
b. Nature of the Grant of Options
transaction
----- ---------------------------- -------------------------------------
c. Price(s) and Price(s) Volume(s)
volume(s) per share
----- ---------------------------- ------------------ -------------
85 pence 500,000
----------------------------------------------------- -------------
d. Aggregated
information
500,000
- Aggregated
Volume 85p pence per share
- Price
----- ---------------------------- -------------------------------------
e. Date of the 2 March 2017
transaction
----- ---------------------------- -------------------------------------
f. Place of the London AIM
transaction
----- ---------------------------- -------------------------------------
Notification of a Transaction pursuant to Article
19(1) of Regulation (EU) No. 596/2014
--------------------------------------------------------------------------
1 Details of the person discharging managerial
responsibilities/person closely associated
----- -------------------------------------------------------------------
a. Name Mark Hohnen
-------------------------------------
2 Reason for
notification
----- ---------------------------- -------------------------------------
a. Position/Status Director
----- ---------------------------- -------------------------------------
b. Initial notification/ Initial notification
Amendment
----- ---------------------------- -------------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
-------------------------------------------------------------------
a. Name Bacanora Minerals Ltd
----- ---------------------------- -------------------------------------
b. LEI N/A
----- ---------------------------- -------------------------------------
4 Details of the transaction(s): section to
be repeated for (i) each type of instrument;
(ii) each type of transaction; (iii) each
date; and (iv) each place where transactions
have been conducted
----- -------------------------------------------------------------------
a. Description Common Shares of no par value
of the financial
instrument,
type of instrument
CA05634Q1054
Identification
Code
----- ---------------------------- -------------------------------------
b. Nature of the Grant of Options
transaction
----- ---------------------------- -------------------------------------
c. Price(s) and Price(s) Volume(s)
volume(s) per share
----- ---------------------------- ------------------ -------------
85 pence 249,900
----------------------------------------------------- -------------
d. Aggregated
information
249,900
- Aggregated
Volume 85p pence per share
- Price
----- ---------------------------- -------------------------------------
e. Date of the 2 March 2017
transaction
----- ---------------------------- -------------------------------------
f. Place of the London AIM
transaction
----- ---------------------------- -------------------------------------
Notification of a Transaction pursuant to Article
19(1) of Regulation (EU) No. 596/2014
--------------------------------------------------------------------------
1 Details of the person discharging managerial
responsibilities/person closely associated
----- -------------------------------------------------------------------
a. Name Raymond Hodgkinson
-------------------------------------
2 Reason for
notification
----- ---------------------------- -------------------------------------
a. Position/Status Director
----- ---------------------------- -------------------------------------
b. Initial notification/ Initial notification
Amendment
----- ---------------------------- -------------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
-------------------------------------------------------------------
a. Name Bacanora Minerals Ltd
----- ---------------------------- -------------------------------------
b. LEI N/A
----- ---------------------------- -------------------------------------
4 Details of the transaction(s): section to
be repeated for (i) each type of instrument;
(ii) each type of transaction; (iii) each
date; and (iv) each place where transactions
have been conducted
----- -------------------------------------------------------------------
a. Description Common Shares of no par value
of the financial
instrument,
type of instrument
CA05634Q1054
Identification
Code
----- ---------------------------- -------------------------------------
b. Nature of the Grant of Options
transaction
----- ---------------------------- -------------------------------------
c. Price(s) and Price(s) Volume(s)
volume(s) per share
----- ---------------------------- ------------------ -------------
85 pence 200,000
----------------------------------------------------- -------------
d. Aggregated
information
200,000
- Aggregated
Volume 85p pence per share
- Price
----- ---------------------------- -------------------------------------
e. Date of the 2 March 2017
transaction
----- ---------------------------- -------------------------------------
f. Place of the London AIM
transaction
----- ---------------------------- -------------------------------------
Notification of a Transaction pursuant to Article
19(1) of Regulation (EU) No. 596/2014
--------------------------------------------------------------------------
1 Details of the person discharging managerial
responsibilities/person closely associated
----- -------------------------------------------------------------------
a. Name Derek Batorowski
-------------------------------------
2 Reason for
notification
----- ---------------------------- -------------------------------------
a. Position/Status Director
----- ---------------------------- -------------------------------------
b. Initial notification/ Initial notification
Amendment
----- ---------------------------- -------------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
-------------------------------------------------------------------
a. Name Bacanora Minerals Ltd
----- ---------------------------- -------------------------------------
b. LEI N/A
----- ---------------------------- -------------------------------------
4 Details of the transaction(s): section to
be repeated for (i) each type of instrument;
(ii) each type of transaction; (iii) each
date; and (iv) each place where transactions
have been conducted
----- -------------------------------------------------------------------
a. Description Common Shares of no par value
of the financial
instrument,
type of instrument
CA05634Q1054
Identification
Code
----- ---------------------------- -------------------------------------
b. Nature of the Grant of Options
transaction
----- ---------------------------- -------------------------------------
c. Price(s) and Price(s) Volume(s)
volume(s) per share
----- ---------------------------- ------------------ -------------
85 pence 125,000
----------------------------------------------------- -------------
d. Aggregated
information 125,000
- Aggregated 85p pence per share
Volume
- Price
----- ---------------------------- -------------------------------------
e. Date of the 2 March 2017
transaction
----- ---------------------------- -------------------------------------
f. Place of the London AIM
transaction
----- ---------------------------- -------------------------------------
Notification of a Transaction pursuant to Article
19(1) of Regulation (EU) No. 596/2014
--------------------------------------------------------------------------
1 Details of the person discharging managerial
responsibilities/person closely associated
----- -------------------------------------------------------------------
a. Name Martin Vida
-------------------------------------
2 Reason for
notification
----- ---------------------------- -------------------------------------
a. Position/Status Director
----- ---------------------------- -------------------------------------
b. Initial notification/ Initial notification
Amendment
----- ---------------------------- -------------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
-------------------------------------------------------------------
a. Name Bacanora Minerals Ltd
----- ---------------------------- -------------------------------------
b. LEI N/A
----- ---------------------------- -------------------------------------
4 Details of the transaction(s): section to
be repeated for (i) each type of instrument;
(ii) each type of transaction; (iii) each
date; and (iv) each place where transactions
have been conducted
----- -------------------------------------------------------------------
a. Description Common Shares of no par value
of the financial
instrument,
type of instrument
CA05634Q1054
Identification
Code
----- ---------------------------- -------------------------------------
b. Nature of the Grant of Options
transaction
----- ---------------------------- -------------------------------------
c. Price(s) and Price(s) Volume(s)
volume(s) per share
----- ---------------------------- ------------------ -------------
85 pence 125,000
----------------------------------------------------- -------------
d. Aggregated
information
125,000
- Aggregated
Volume 85p pence per share
- Price
----- ---------------------------- -------------------------------------
e. Date of the 2 March 2017
transaction
----- ---------------------------- -------------------------------------
f. Place of the London AIM
transaction
----- ---------------------------- -------------------------------------
Notification of a Transaction pursuant to Article
19(1) of Regulation (EU) No. 596/2014
--------------------------------------------------------------------------
1 Details of the person discharging managerial
responsibilities/person closely associated
----- -------------------------------------------------------------------
a. Name Cherif Rifaat
-------------------------------------
2 Reason for
notification
----- ---------------------------- -------------------------------------
a. Position/Status PDMR
----- ---------------------------- -------------------------------------
b. Initial notification/ Initial notification
Amendment
----- ---------------------------- -------------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
-------------------------------------------------------------------
a. Name Bacanora Minerals Ltd
----- ---------------------------- -------------------------------------
b. LEI N/A
----- ---------------------------- -------------------------------------
4 Details of the transaction(s): section to
be repeated for (i) each type of instrument;
(ii) each type of transaction; (iii) each
date; and (iv) each place where transactions
have been conducted
----- -------------------------------------------------------------------
a. Description Common Shares of no par value
of the financial
instrument,
type of instrument
CA05634Q1054
Identification
Code
----- ---------------------------- -------------------------------------
b. Nature of the Grant of Options
transaction
----- ---------------------------- -------------------------------------
c. Price(s) and Price(s) Volume(s)
volume(s) per share
----- ---------------------------- ------------------ -------------
85 pence 200,000
----------------------------------------------------- -------------
d. Aggregated
information
200,000
- Aggregated
Volume 85p pence per share
- Price
----- ---------------------------- -------------------------------------
e. Date of the 2 March 2017
transaction
----- ---------------------------- -------------------------------------
f. Place of the London AIM
transaction
----- ---------------------------- -------------------------------------
Notification of a Transaction pursuant to Article
19(1) of Regulation (EU) No. 596/2014
--------------------------------------------------------------------------
1 Details of the person discharging managerial
responsibilities/person closely associated
----- -------------------------------------------------------------------
a. Name Peter Secker
-------------------------------------
2 Reason for
notification
----- ---------------------------- -------------------------------------
a. Position/Status CEO/PDMR
----- ---------------------------- -------------------------------------
b. Initial notification/ Initial notification
Amendment
----- ---------------------------- -------------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
-------------------------------------------------------------------
a. Name Bacanora Minerals Ltd
----- ---------------------------- -------------------------------------
b. LEI N/A
----- ---------------------------- -------------------------------------
4 Details of the transaction(s): section to
be repeated for (i) each type of instrument;
(ii) each type of transaction; (iii) each
date; and (iv) each place where transactions
have been conducted
----- -------------------------------------------------------------------
a. Description Common Shares of no par value
of the financial
instrument,
type of instrument
CA05634Q1054
Identification
Code
----- ---------------------------- -------------------------------------
b. Nature of the Grant of Options
transaction
----- ---------------------------- -------------------------------------
c. Price(s) and Price(s) Volume(s)
volume(s) per share
----- ---------------------------- ------------------ -------------
85 pence 300,000
----------------------------------------------------- -------------
d. Aggregated
information
300,000
- Aggregated
Volume 85p pence per share
- Price
----- ---------------------------- -------------------------------------
e. Date of the 2 March 2017
transaction
----- ---------------------------- -------------------------------------
f. Place of the London AIM
transaction
----- ---------------------------- -------------------------------------
Notification of a Transaction pursuant to Article
19(1) of Regulation (EU) No. 596/2014
--------------------------------------------------------------------------
1 Details of the person discharging managerial
responsibilities/person closely associated
----- -------------------------------------------------------------------
a. Name Eric Carter
-------------------------------------
2 Reason for
notification
----- ---------------------------- -------------------------------------
a. Position/Status PDMR
----- ---------------------------- -------------------------------------
b. Initial notification/ Initial notification
Amendment
----- ---------------------------- -------------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
-------------------------------------------------------------------
a. Name Bacanora Minerals Ltd
----- ---------------------------- -------------------------------------
b. LEI N/A
----- ---------------------------- -------------------------------------
4 Details of the transaction(s): section to
be repeated for (i) each type of instrument;
(ii) each type of transaction; (iii) each
date; and (iv) each place where transactions
have been conducted
----- -------------------------------------------------------------------
a. Description Common Shares of no par value
of the financial
instrument,
type of instrument
CA05634Q1054
Identification
Code
----- ---------------------------- -------------------------------------
b. Nature of the Grant of Options
transaction
----- ---------------------------- -------------------------------------
c. Price(s) and Price(s) Volume(s)
volume(s) per share
----- ---------------------------- ------------------ -------------
85 pence 62,500
----------------------------------------------------- -------------
d. Aggregated
information
62,500
- Aggregated
Volume 85p pence per share
- Price
----- ---------------------------- -------------------------------------
e. Date of the 2 March 2017
transaction
----- ---------------------------- -------------------------------------
f. Place of the London AIM
transaction
----- ---------------------------- -------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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