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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Bacanora Lithium Plc | LSE:BCN | London | Ordinary Share | GB00BD20C246 | ORDS 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 67.00 | 67.00 | 67.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMBCN
RNS Number : 4424Y
Bacanora Minerals Ltd
03 March 2017
Bacanora Minerals Ltd
('Bacanora' or the 'Company')
Stock Option Grants
Bacanora (AIM: BCN, TSXV: BCN), the Canadian and London listed lithium exploration and development company focused on building an international lithium group, announces the grant of an aggregate of 2,937,400 options to acquire common shares in the capital of Bacanora at a price of GBP0.85 (C$1.39), pursuant to the terms of the Stock Option Plan of the Company.
A total of 425,000 of the foregoing options have been granted to consultants and employees of the Company and its subsidiaries. Such options vest immediately and are exercisable for a period of five years. The remaining 2,512,400 of the foregoing options have been granted to directors, officers and senior management members of the Company and its subsidiaries. Such options vest as to 1/3 on the date of grant and an additional 1/3 on each of the first and second anniversaries of the date of grant and are exercisable for a period of three years. All of the options granted yesterday (and the common shares issuable upon exercise) will be subject to applicable securities law hold periods.
The options are being granted to Directors and PDMRs of the Company on the following basis:
Optionee Role Number of Exercise Expiry Date Options Price* ------------------ ---------- ---------- ---------- ------------ Jamie Strauss Director 750,000 LIR0.85 March 1, (C$1.39) 2020 ------------------ ---------- ---------- ---------- ------------ James Leahy Director 500,000 LIR0.85 March 1, (C$1.39) 2020 ------------------ ---------- ---------- ---------- ------------ Mark Hohnen Director 249,900 LIR0.85 March 1, (C$1.39) 2020 ------------------ ---------- ---------- ---------- ------------ Raymond Director 200,000 LIR0.85 March 1, Hodgkinson (C$1.39) 2020 ------------------ ---------- ---------- ---------- ------------ Derek Batorowski Director 125,000 LIR0.85 March 1, (C$1.39) 2020 ------------------ ---------- ---------- ---------- ------------ Martin Vidal Director 125,000 LIR0.85 March 1, (C$1.39) 2020 ------------------ ---------- ---------- ---------- ------------ Peter Secker CEO/PDMR 300,000 LIR0.85 March 1, (C$1.39) 2020 ------------------ ---------- ---------- ---------- ------------ Cherif Rifaat PDMR 200,000 LIR0.85 March 1, (C$1.39) 2020 ------------------ ---------- ---------- ---------- ------------ Eric Carter PDMR 62,500 LIR0.85 March 1, (C$1.39) 2020 ------------------ ---------- ---------- ---------- ------------ TOTAL 2,512,400 ------------------------------ ---------- ---------- ------------
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
For further information, please contact:
Bacanora Minerals Peter Secker, CEO info@bacanoraminerals.com Ltd. ----------------------- ----------------------------- -------------------------- Cairn Financial Advisers LLP, Sandy Jamieson/Liam +44 (0) 20 Nomad Murray 7213 0880 ----------------------- ----------------------------- -------------------------- Numis Securities Ltd, John Prior/James Black/Paul +44 (0) 20 Broker Gillam 7260 1000 ----------------------- ----------------------------- -------------------------- St Brides Partners, Frank Buhagiar/ Elisabeth +44 (0) 20 Financial PR 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.
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 Jamie Strauss ------------------------------------- 2 Reason for notification ----- ---------------------------- ------------------------------------- a. Position/Status 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 N/A ----- ---------------------------- ------------------------------------- 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 Common Shares of no par value of the financial instrument, type of instrument CA05634Q1054 Identification Code ----- ---------------------------- ------------------------------------- b. Nature of the Grant of Options transaction ----- ---------------------------- ------------------------------------- c. Price(s) and Price(s) Volume(s) volume(s) per share ----- ---------------------------- ------------------ ------------- 85 pence 750,000 ----------------------------------------------------- ------------- d. Aggregated information 750,000 - Aggregated Volume 85p pence per share - Price ----- ---------------------------- ------------------------------------- e. Date of the 2 March 2017 transaction ----- ---------------------------- ------------------------------------- f. Place of the London AIM transaction ----- ---------------------------- ------------------------------------- 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 Leahy ------------------------------------- 2 Reason for notification ----- ---------------------------- ------------------------------------- a. Position/Status 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 N/A ----- ---------------------------- ------------------------------------- 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 Common Shares of no par value of the financial instrument, type of instrument CA05634Q1054 Identification Code ----- ---------------------------- ------------------------------------- b. Nature of the Grant of Options transaction ----- ---------------------------- ------------------------------------- c. Price(s) and Price(s) Volume(s) volume(s) per share ----- ---------------------------- ------------------ ------------- 85 pence 500,000 ----------------------------------------------------- ------------- d. Aggregated information 500,000 - Aggregated Volume 85p pence per share - Price ----- ---------------------------- ------------------------------------- e. Date of the 2 March 2017 transaction ----- ---------------------------- ------------------------------------- f. Place of the London AIM transaction ----- ---------------------------- ------------------------------------- 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 Mark Hohnen ------------------------------------- 2 Reason for notification ----- ---------------------------- ------------------------------------- a. Position/Status 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 N/A ----- ---------------------------- ------------------------------------- 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 Common Shares of no par value of the financial instrument, type of instrument CA05634Q1054 Identification Code ----- ---------------------------- ------------------------------------- b. Nature of the Grant of Options transaction ----- ---------------------------- ------------------------------------- c. Price(s) and Price(s) Volume(s) volume(s) per share ----- ---------------------------- ------------------ ------------- 85 pence 249,900 ----------------------------------------------------- ------------- d. Aggregated information 249,900 - Aggregated Volume 85p pence per share - Price ----- ---------------------------- ------------------------------------- e. Date of the 2 March 2017 transaction ----- ---------------------------- ------------------------------------- f. Place of the London AIM transaction ----- ---------------------------- ------------------------------------- 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 Raymond Hodgkinson ------------------------------------- 2 Reason for notification ----- ---------------------------- ------------------------------------- a. Position/Status 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 N/A ----- ---------------------------- ------------------------------------- 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 Common Shares of no par value of the financial instrument, type of instrument CA05634Q1054 Identification Code ----- ---------------------------- ------------------------------------- b. Nature of the Grant of Options transaction ----- ---------------------------- ------------------------------------- c. Price(s) and Price(s) Volume(s) volume(s) per share ----- ---------------------------- ------------------ ------------- 85 pence 200,000 ----------------------------------------------------- ------------- d. Aggregated information 200,000 - Aggregated Volume 85p pence per share - Price ----- ---------------------------- ------------------------------------- e. Date of the 2 March 2017 transaction ----- ---------------------------- ------------------------------------- f. Place of the London AIM transaction ----- ---------------------------- ------------------------------------- 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 Derek Batorowski ------------------------------------- 2 Reason for notification ----- ---------------------------- ------------------------------------- a. Position/Status 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 N/A ----- ---------------------------- ------------------------------------- 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 Common Shares of no par value of the financial instrument, type of instrument CA05634Q1054 Identification Code ----- ---------------------------- ------------------------------------- b. Nature of the Grant of Options transaction
----- ---------------------------- ------------------------------------- c. Price(s) and Price(s) Volume(s) volume(s) per share ----- ---------------------------- ------------------ ------------- 85 pence 125,000 ----------------------------------------------------- ------------- d. Aggregated information 125,000 - Aggregated 85p pence per share Volume - Price ----- ---------------------------- ------------------------------------- e. Date of the 2 March 2017 transaction ----- ---------------------------- ------------------------------------- f. Place of the London AIM transaction ----- ---------------------------- ------------------------------------- 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 Martin Vida ------------------------------------- 2 Reason for notification ----- ---------------------------- ------------------------------------- a. Position/Status 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 N/A ----- ---------------------------- ------------------------------------- 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 Common Shares of no par value of the financial instrument, type of instrument CA05634Q1054 Identification Code ----- ---------------------------- ------------------------------------- b. Nature of the Grant of Options transaction ----- ---------------------------- ------------------------------------- c. Price(s) and Price(s) Volume(s) volume(s) per share ----- ---------------------------- ------------------ ------------- 85 pence 125,000 ----------------------------------------------------- ------------- d. Aggregated information 125,000 - Aggregated Volume 85p pence per share - Price ----- ---------------------------- ------------------------------------- e. Date of the 2 March 2017 transaction ----- ---------------------------- ------------------------------------- f. Place of the London AIM transaction ----- ---------------------------- ------------------------------------- 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 Cherif Rifaat ------------------------------------- 2 Reason for notification ----- ---------------------------- ------------------------------------- a. Position/Status PDMR ----- ---------------------------- ------------------------------------- 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 N/A ----- ---------------------------- ------------------------------------- 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 Common Shares of no par value of the financial instrument, type of instrument CA05634Q1054 Identification Code ----- ---------------------------- ------------------------------------- b. Nature of the Grant of Options transaction ----- ---------------------------- ------------------------------------- c. Price(s) and Price(s) Volume(s) volume(s) per share ----- ---------------------------- ------------------ ------------- 85 pence 200,000 ----------------------------------------------------- ------------- d. Aggregated information 200,000 - Aggregated Volume 85p pence per share - Price ----- ---------------------------- ------------------------------------- e. Date of the 2 March 2017 transaction ----- ---------------------------- ------------------------------------- f. Place of the London AIM transaction ----- ---------------------------- ------------------------------------- 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 Peter Secker ------------------------------------- 2 Reason for notification ----- ---------------------------- ------------------------------------- a. Position/Status CEO/PDMR ----- ---------------------------- ------------------------------------- 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 N/A ----- ---------------------------- ------------------------------------- 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 Common Shares of no par value of the financial instrument, type of instrument CA05634Q1054 Identification Code ----- ---------------------------- ------------------------------------- b. Nature of the Grant of Options transaction ----- ---------------------------- ------------------------------------- c. Price(s) and Price(s) Volume(s) volume(s) per share ----- ---------------------------- ------------------ ------------- 85 pence 300,000 ----------------------------------------------------- ------------- d. Aggregated information 300,000 - Aggregated Volume 85p pence per share - Price ----- ---------------------------- ------------------------------------- e. Date of the 2 March 2017 transaction ----- ---------------------------- ------------------------------------- f. Place of the London AIM transaction ----- ---------------------------- ------------------------------------- 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 Eric Carter ------------------------------------- 2 Reason for notification ----- ---------------------------- ------------------------------------- a. Position/Status PDMR ----- ---------------------------- ------------------------------------- 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 N/A ----- ---------------------------- ------------------------------------- 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 Common Shares of no par value of the financial instrument, type of instrument CA05634Q1054 Identification Code ----- ---------------------------- ------------------------------------- b. Nature of the Grant of Options transaction ----- ---------------------------- ------------------------------------- c. Price(s) and Price(s) Volume(s) volume(s) per share ----- ---------------------------- ------------------ ------------- 85 pence 62,500 ----------------------------------------------------- ------------- d. Aggregated information 62,500 - Aggregated Volume 85p pence per share - Price ----- ---------------------------- ------------------------------------- e. Date of the 2 March 2017 transaction ----- ---------------------------- ------------------------------------- f. Place of the London AIM transaction ----- ---------------------------- -------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
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(END) Dow Jones Newswires
March 03, 2017 02:00 ET (07:00 GMT)
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