Bacanora Lithium PLC Result of AGM (6972P)
11 June 2020 - 8:46PM
UK Regulatory
TIDMBCN
RNS Number : 6972P
Bacanora Lithium PLC
11 June 2020
11 June 2020
Bacanora Lithium plc
("Bacanora" or the "Company")
Result of AGM
Bacanora Lithium plc (AIM: BCN), a lithium exploration and
development company, announces that at its annual general meeting
("AGM") held earlier today, all resolutions were duly passed, as
follows:
Resolution Votes for Votes Approval Withheld
Against
Ordinary Resolutions Shares Shares % Shares
------------ ---------- --------- ---------
1. Receive the Annual report
and financial statements for
the six months to 31 December
2019 129,644,121 503,791 99.6% 6,500
------------ ---------- --------- ---------
2. Re-appoint BDO LLP as auditors 130,144,530 3,382 100.0% 6,500
------------ ---------- --------- ---------
3. Authorise Directors to agree
and fix auditors' remuneration 130,147,530 382 100.0% 6,500
------------ ---------- --------- ---------
4. Re-elect Peter Secker as
Director 126,968,592 315,989 99.8% 8,091
------------ ---------- --------- ---------
5. Re-elect Eileen Carr as
Director 129,611,679 534,642 99.6% 8,091
------------ ---------- --------- ---------
6. Re-elect Graeme Purdy as
Director 130,110,960 35,361 100.0% 8,091
------------ ---------- --------- ---------
7. Authorise the Directors
to allot Ordinary Shares 122,732,162 6,917,250 94.7% 505,000
------------ ---------- --------- ---------
Special Resolutions
------------ ---------- --------- ---------
8. Disapply the statutory pre-emption
rights on allotment of shares 119,481,640 7,804,826 93.9% 6,206
------------ ---------- --------- ---------
9. Authorise the Company to
make market purchases to buy-back
shares 121,750,007 5,536,459 95.7% 6,206
------------ ---------- --------- ---------
10. Authorise the Company to
amend its Articles 122,209,953 5,033,266 96.0% 49,453
------------ ---------- --------- ---------
As shareholders were not able to attend this year's AGM in
person, as previously announced, the Company has produced a Q&A
document to answer relevant questions raised by shareholders. The
document is available to view on the Company's website:
https://www.bacanoralithium.com/investor-relations/agm-documents/ .
The Company will host a call for shareholders later in H2 2020.
** ENDS **
For further information please visit www.bacanoralithium.com or
contact:
Bacanora Lithium plc info@bacanoralithium.com
Peter Secker, CEO
Janet Blas, CFO
Cairn Financial Advisers LLP,
Nomad
Sandy Jamieson / Liam Murray +44 (0) 20 7213 0880
Citigroup Global Markets,
Joint Broker
Tom Reid / Patrick Evans /
Matthew Kenney +44 (0) 20 7986 4000
Canaccord Genuity, Joint Broker
James Asensio / Edward Montgomery +44 (0) 20 7523 8000
Tavistock, Financial PR Adviser Bacanora@tavistock.co.uk
Jos Simson / Emily Moss / +44 (0) 20 7920 3150
Oliver Lamb +44 (0) 77 8855 4035
Notes to editors
Bacanora Lithium Plc is an AIM-listed (ticker 'BCN') lithium
development and exploration company. The Company owns assets in
Mexico and Germany. It is focused on building, in collaboration
with its major shareholder and offtake partner, Ganfeng Lithium
(the world's largest lithium metals producer), a 35,000 tonne per
annum open pit lithium carbonate operation at its flagship asset,
the Sonora Lithium Project in Mexico. The Sonora Lithium Project
has 8.8 million tonnes of lithium carbonate (Li(2) CO(3) )
equivalent resources, with an approximate 250 year resource life,
as detailed in its December 2017 Feasibility Study.
Sonora Lithium Ltd ("SLL") is the operational holding company
for the Sonora Lithium Project and owns 100% of the La Ventana
concession. The La Ventana concession accounts for 88% of the mined
ore feed in the Sonora Feasibility Study which covers the initial
19 years of the project mine life. SLL is owned 77.5% by Bacanora
and 22.5% by Ganfeng Lithium Ltd. SLL also owns 70% of the El Sauz
and Fleur concessions.
In addition, the Company has a 50% interest in the Zinnwald
Lithium Project and the Falkenhain and Altenberg Licences in
southern Saxony, Germany.
Important notice
The contents of this announcement have been prepared by and are
the sole responsibility of Bacanora.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
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END
RAGSFEFSFESSELM
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