Bacanora Minerals Ltd Director/PDMR Shareholding (8488Z)
March 17 2017 - 10:10AM
UK Regulatory
TIDMBCN
RNS Number : 8488Z
Bacanora Minerals Ltd
17 March 2017
Bacanora Minerals Ltd
('Bacanora' or the 'Company')
Transaction Notification
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
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 Catherine Hohnen
---------------- --------------------------------------------
2 Reason for notification
---- ---------------------------------------- ---------------- --------------------------------------------
a. Position/Status Spouse of Executive Director/Chairman
---- ---------------------------------------- ---------------- --------------------------------------------
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 2138008OQE6GDZO3YD74
---- ---------------------------------------- ---------------- --------------------------------------------
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 of Common Shares of no par value
the financial
instrument, type ISIN: CA05634Q1054
of instrument
Identification
Code
---- ---------------------------------------- ---------------- --------------------------------------------
b. Nature of the Market purchase
transaction
---- ---------------------------------------- ---------------- --------------------------------------------
c. Price(s) and Price(s) Volume(s) Date
volume(s)
---- ---------------------------------------- --------------- ---------------- ----------------------
82p 37,000 14.03.17
--------------- ---------------- ----------------------
82p 27,000 14.03.17
--------------- ---------------- ----------------------
82p 10,000 14.03.17
--------------- ---------------- ----------------------
Aggregated information
- Aggregated
Volume 74,000
d. - Price 82p
---- ---------------------------------------- ---------------- --------------------------------------------
e. Date of the transaction 14 March 2017
---- ---------------------------------------- ---------------- --------------------------------------------
f. Place of the London Stock Exchange (XLON)
transaction
---- ---------------------------------------- ---------------- --------------------------------------------
For further information, please contact:
Bacanora Minerals Peter Secker, CEO info@bacanoraminerals.com
Ltd.
-------------------------- ----------------------------- --------------------------
Cairn Financial Advisers +44 (0) 20 7213
LLP, Nomad Sandy Jamieson/Liam Murray 0880
-------------------------- ----------------------------- --------------------------
Numis Securities Ltd, John Prior/James Black/Paul +44 (0) 20 7260
Broker Gillam 1000
-------------------------- ----------------------------- --------------------------
St Brides Partners, Frank Buhagiar/ Elisabeth +44 (0) 20 7236
Financial PR Adviser Cowell 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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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