Bacanora Minerals Ltd Director/PDMR Shareholding (8488Z)

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              [e-mail] 
  Ltd. 
--------------------------  -----------------------------  -------------------------- 
 Cairn Financial Advisers                                             [phone] 
  LLP, Nomad                 Sandy Jamieson/Liam Murray                          0880 
--------------------------  -----------------------------  -------------------------- 
 Numis Securities Ltd,       John Prior/James Black/Paul              [phone] 
  Broker                      Gillam                                             1000 
--------------------------  -----------------------------  -------------------------- 
 St Brides Partners,         Frank Buhagiar/ Elisabeth                [phone] 
  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

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March 17, 2017 10:10 ET (14:10 GMT)