TIDMBCN
RNS Number : 0566J
Bacanora Lithium PLC
18 December 2020
18 December 2020
Bacanora Lithium plc
("Bacanora" or the "Company")
Reminder regarding Share Transfer Deadline
Bacanora Lithium plc (AIM: BCN), a lithium development company,
would like to remind former shareholders of Bacanora Minerals Ltd
("BML") of the deadline of 23 March 2021 to exchange their old
shares in Bacanora Minerals Ltd for new shares in Bacanora Lithium
Plc. As notified in the circular sent to shareholders on 19
February 2018, all BML shareholders were required to complete a
Letter of Transmittal in order to exchange their BML shares for new
shares in the Company as part of the redomicile process.
A number of BML shareholders have not yet completed their
letters and new shares in the Company which would have been issued
to them have been held in a Trust. This Trust will expire on 23
March 2021, after which any remaining shares may be sold by the
Company in accordance with the Company's Articles of
Association.
Those affected Shareholders who wish to receive the new shares
in the Company that are currently held on trust for them are
advised to complete and return a Letter of Transmittal as soon as
possible. The Letter of Transmittal can be found on the Company's
website under the AIM Rule 26 page at
https://www.bacanoralithium.com/investor-relations/restricted-aim-rule-26/
. Once completed and signed in accordance with the instructions
thereon, it should be returned to the Company's registrars at Link
Asset Services, Proxy Team, The Registry, 34 Beckenham Road,
Beckenham, Kent, BR3 4TU.
The Company will also be writing to each shareholder
individually at the address listed on the register to remind them
of the deadline. If any affected shareholder has any questions,
they can contact info@bacanoralithium.com.
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 / Thomas Diehl +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
The information contained within this announcement is deemed by
the Company to constitute inside information under the Market Abuse
Regulation (EU) No. 596/2014
Notes to editors
Bacanora Lithium Plc is an AIM-listed (ticker 'BCN') lithium
development and exploration company. The Company 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. On completion of this option
exercise, SLL will be owned 50% by Bacanora and 50% by Ganfeng
Lithium Co., Ltd. SLL also owns 70% of the El Sauz and Fleur
concessions.
Bacanora also owns 44.3% of Zinnwald Lithium Plc (AIM: ZNWD),
which in turn owns a 50% interest in the Zinnwald Lithium Project
and the Falkenhain and Altenberg Licences in southern Saxony,
Germany.
Cautionary Statement Regarding Forward-Looking Information
Except for statements of historical fact, this news release
contains certain "forward-looking information" within the meaning
of applicable securities law. Forward-looking information is
frequently characterized by words such as "plan", "expect",
"project", "intend", "believe", "anticipate", "estimate" and other
similar words, or statements that certain events or conditions
"may" or "will" occur. Although we believe that the expectations
reflected in the forward-looking information are reasonable, there
can be no assurance that such expectations will prove to be
correct. We cannot guarantee future results, performance or
achievements. Consequently, there is no representation that the
actual results achieved will be the same, in whole or in part, as
those set out in the forward-looking information.
Forward-looking information is based on the opinions and
estimates of management at the date the statements are made, and
are subject to a variety of risks and uncertainties and other
factors that could cause actual events or results to differ
materially from those anticipated in the forward-looking
information. Some of the risks and other factors that could cause
the results to differ materially from those expressed in the
forward-looking information include, but are not limited to:
commodity price volatility; general economic conditions in the UK,
the United States, Mexico, Germany and globally; industry
conditions, governmental regulation, including environmental
regulation; unanticipated operating events or performance; failure
to obtain industry partner and other third party consents and
approvals, if and when required; the availability of capital on
acceptable terms; the need to obtain required approvals from
regulatory authorities; stock market volatility; competition for,
among other things, capital, skilled personnel and supplies;
changes in tax laws; and the other risk factors disclosed under our
profile on SEDAR at www.sedar.com. Readers are cautioned that this
list of risk factors should not be construed as exhaustive.
The forward-looking information contained in this news release
is expressly qualified by this cautionary statement. We undertake
no duty to update any of the forward-looking information to conform
such information to actual results or to changes in our
expectations except as otherwise required by applicable securities
legislation. Readers are cautioned not to place undue reliance on
forward-looking information.
Important notice
The contents of this announcement have been prepared by and are
the sole responsibility of Bacanora.
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END
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