Bacanora Minerals Ltd Transfer of Shares (8890P)

TIDMBCN

RNS Number : 8890P

Bacanora Minerals Ltd

23 November 2016

Bacanora Minerals Ltd

('Bacanora' or the 'Company')

Transfer of Shares

The Board of Bacanora, the Canadian and London listed (TSX-V: BCN and AIM: BCN) company focused on developing the Sonora Project in Mexico, announces that on 21 November 2016, the Company was notified that 2,404,831 shares in Bacanora were transferred to the named beneficiaries of the estate of Colin Orr-Ewing on 4 November 2016 as part of the settlement process for the estate. Accordingly the Colin Orr-Ewing Estate now holds 8,413,962 shares in Bacanora representing 7.59% of the Company's issued share capital.

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 
---------------------  ---------------------------  -------------------------- 
 Macquarie Capital 
  (Europe) Limited,                                                 +44 (0) 20 
  Corporate Adviser     Raj Khatri                                   3037 2000 
---------------------  ---------------------------  -------------------------- 
 

ABOUT BACANORA:

Bacanora is a Canadian and London listed minerals explorer (TSX-V: BCN and AIM: BCN). The Company explores and develops industrial mineral projects, with a primary focus on lithium.

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 NI 43-101) of 4.5 million tonnes (LCE) and 2.7 million tonnes Inferred. A PFS completed in Q1 2016 demonstrated the robust economics associated with becoming a 35,000 tpa lithium carbonate and 50,000 tpa SOP producer in Mexico.

This information is provided by RNS

The company news service from the London Stock Exchange

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November 23, 2016 02:00 ET (07:00 GMT)