LOWER HUTT, NZ, June 10, 2015
/CNW/ - On June 9, 2015, D&A
provided written authority to Mr. Guy
Walker, who is the corporate secretary of Igneous Capital
Limited "Igneous"), to attend the annual and special meeting of
shareholders of Bacanora Minerals Ltd. ("Bacanora") scheduled for
June 12, 2015, to vote the 5,303,030
common shares of Bacanora controlled by D&A (the "D&A
Shares"). Such authority was provided to Mr. Walker in his
personal capacity and not as an officer of Igneous. As a result,
D&A may be considered to be acting jointly or in concert with
Igneous, such that Igneous is deemed to beneficially own the
D&A Shares. Following this authorization, Igneous holds
ownership and control of 15,000,000 common shares of Bacanora
directly and has control over 5,303,030 common shares of Bacanora
through D&A, for a total of 20,303,030 common shares of
Bacanora, which represents approximately 24% of the issued and
outstanding common shares of Bacanora.
This press release is issued pursuant to National Instrument
62-103 – The Early Warning System and Related Take-Over Bid and
Insider Reporting Issues, which requires a report to be filed
on SEDAR (www.sedar.com) containing additional information with
respect to the foregoing matters. A copy of this report may be
obtained by contacting Igneous Capital at 55 Marine Parade,
Eastbourne, Lower Hutt, 5013, New
Zealand.
SOURCE Igneous Capital Limited