Bacanora Announces Appointment of Buchanan Communications Limited for Investor Relations Services
May 29 2014 - 6:53PM
Marketwired
Bacanora Announces Appointment of Buchanan Communications Limited
for Investor Relations Services
CALGARY, ALBERTA--(Marketwired - May 29, 2014) - BACANORA
MINERALS LTD. ("Bacanora" or the "Company") (TSX-VENTURE:BCN) is
pleased to announce that it has, subject to regulatory acceptance,
entered into an agreement with Buchanan Communications Limited
("Buchanan") to provide financial public relations and investor
relations services to Bacanora. The appointment of Buchanan
supports the Company's communications strategy of maintaining an
active dialogue with all its shareholders.
Buchanan has been appointed as financial communications
consultant to the Company in connection with the proposed admission
of its common shares to trading on the AIM Market of the London
Stock Exchange, (the "AIM Admission") and in respect of the
Company's communications thereafter. Buchanan, founded in 1980, is
a London-based financial communications consultancy with over 85
clients, the majority of which are companies quoted on one or more
international stock exchanges. Buchanan's principal activity
involves representing these clients to the financial press and
capital markets audiences. As part of WPP plc (a London Stock
Exchange and NASDAQ listed company), one of the world's leading
communications services groups, Buchanan is able to provide a fully
international multi-product offering. Buchanan does not have any
interest directly in the Company or its securities, or any right to
acquire such an interest.
Pursuant to the terms of the Company's agreement with Buchanan,
Buchanan will be responsible for financial public relations and
investor relations activities in the lead up to the AIM Admission,
as per the Company's announcement on May 20, 2014. Subject to the
AIM Admission taking place, and for an indefinite period
thereafter, Buchanan will be responsible for activities involving
the Company's communications strategy, disseminating corporate
information, corporate presentations and communications with
brokers, analysts and investors, and handling shareholder enquiries
regarding the Company. Pursuant to the agreement, Buchanan will
receive an initial fee of £25,000 for their work in relation to the
AIM Admission. Subsequent to this, Buchanan will receive a monthly
retainer of £3,500, and be reimbursed for approved expenses. The
agreement (which is subject to approval by the TSX Venture
Exchange) may be terminated by either party on three month's prior
written notice to the other party.
Reader
Advisory
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. In particular, forward-looking information
in this press release includes, but is not limited to the potential
future listing of the Corporation's common shares on the AIM.
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 Canada,
the United States, Mexico 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.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Bacanora Minerals Ltd.Shane ShircliffChief Executive
Officer(306) 649-0602Bacanora Minerals Ltd.Martin
VidalPresident(+52 662) 210-0767www.bacanoraminerals.com
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