Bacanora Minerals Ltd Director/PDMR Shareholding (0064A)

TIDMBCN

RNS Number : 0064A

Bacanora Minerals Ltd

21 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                                              James Strauss 
                                             ------------  ----------------------------------- 
 2        Reason for 
           notification 
-------  ----------------------------------  ------------  ----------------------------------- 
 a.       Position/Status                                   Non-Executive Director 
-------  ----------------------------------  ------------  ----------------------------------- 
 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 
  (i)           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                                       Common Shares of no par value 
           of the financial 
           instrument, 
           type of instrument                                ISIN: CA05634Q1054 
 
           Identification 
           Code 
-------  ----------------------------------  ------------  ----------------------------------- 
 b.       Nature of                                         Market purchase 
           the transaction 
-------  ----------------------------------  ------------  ----------------------------------- 
 
 c.       Price(s) and                         Price(s)     Volume(s)        Date 
           volume(s) 
-------  ----------------------------------   -----------  ---------------  --------------- 
                                               79p          27,000           16.03.17 
                                              -----------  ---------------  --------------- 
 
          Aggregated 
 d.        information 
   - Aggregated 
    Volume                                                   27,000 
   - Price                                                    79p 
 ----------------------------------  --------------------  ----------------------------------- 
 e.       Date of the                                       16 March 2017 
           transaction 
-------  ----------------------------------  ------------  ----------------------------------- 
 f.       Place of the                                      London Stock Exchange (XLON) 
           transaction 
-------  ----------------------------------  ------------  ----------------------------------- 
 4             Details of the transaction(s): section 
  (ii)          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                                       Common Shares of no par value 
           of the financial 
           instrument, 
           type of instrument                                ISIN: CA05634Q1054 
 
           Identification 
           Code 
-------  ----------------------------------  ------------  ----------------------------------- 
 b.       Nature of                                         Market purchase 
           the transaction 
-------  ----------------------------------  ------------  ----------------------------------- 
 
 c.       Price(s) and                         Price(s)     Volume(s)        Date 
           volume(s) 
-------  ----------------------------------   -----------  ---------------  --------------- 
                                               82.5p        33,000           20.03.17 
                                              -----------  ---------------  --------------- 
 
          Aggregated 
 d.        information 
   - Aggregated 
    Volume                                                   33,000 
   - Price                                                    82.5p 
 ----------------------------------  --------------------  ----------------------------------- 
 e.       Date of the                                       20 March 2017 
           transaction 
-------  ----------------------------------  ------------  ----------------------------------- 
 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 LLP,         Sandy Jamieson/Liam                         +44 (0) 20 
  Nomad                  Murray                                      7213 0880 
---------------------  ---------------------------  -------------------------- 
 Numis Securities 
  Ltd,                  John Prior/James                            +44 (0) 20 
  Broker                 Black/Paul Gillam                           7260 1000 
---------------------  ---------------------------  -------------------------- 
 St Brides Partners, 
  Financial PR          Frank Buhagiar/ Elisabeth                   +44 (0) 20 
  Adviser                Cowell                                      7236 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 21, 2017 03:02 ET (07:02 GMT)