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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 : 4780B
Bacanora Minerals Ltd
10 January 2018
Bacanora Minerals Ltd
('Bacanora' or the 'Company')
Exercise of Options
Bacanora, the Canadian and London listed (TSX-V: BCN and AIM: BCN) lithium exploration and development company focused on Sonora, Mexico, announces that the Company has issued 1,000,000 new common shares in the Company ('the New Common Shares') pursuant to the exercise of options by Fernan Pty Ltd, a consultancy wholly owned by Mark Hohnen, Executive Chairman of Bacanora Minerals. The options are being exercised at a price of GBPGBP0.77 per share for a total consideration of GBP770,000. Following this exercise, Mr Hohnen's beneficial interest in the Company's shares stands at 2,514,951 (1.9% of the Company's issued share capital).
Issue of Equity
Application will be made for the New Common Shares to be admitted to trading on AIM. Admission is expected to occur on or around 11 January 2018. These shares will rank pari passu with the existing common shares in issue. Following the issue of the shares outlined above, there will be 134,039,872 Common Shares in issue. This number may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company.
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 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 Common Shares of no par value of the financial instrument, type of instrument Identification Code CA05634Q1054 --- --------------------------- -------------- ----------------------------------------- b. Nature of Exercise of Share Options the transaction --- --------------------------- --------------------------------------------------------- c. Price(s) and Price(s) Volume(s) Date volume(s) --- --------------------------- ------------ --------------- --------------- GBP0.77 1,000,000 10 January 2018 ------------ --------------- --------------- d. Aggregated information - Aggregated 1,000,000 Volume GBP0.77 - Price --- --------------------------- -------------- ----------------------------------------- e. Date of the 10 January 2018 transaction --- --------------------------- --------------------------------------------------------- f. Place of the Off market transaction --- --------------------------- ---------------------------------------------------------
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
**ENDS**
Bacanora Minerals Peter Secker, CEO info@bacanoraminerals.com Ltd. --------------------- ----------------------- -------------------------- Cairn Financial Advisers LLP, Sandy Jamieson/Liam +44 (0) 20 Nomad Murray 7213 0880 --------------------- ----------------------- -------------------------- Canaccord Genuity, Martin Davison, James +44 (0) 20 Broker Asensio 7523 8000 --------------------- ----------------------- -------------------------- St Brides Partners, Financial PR Frank Buhagiar, Megan +44 (0) 20 Adviser Dennison 7236 1177 --------------------- ----------------------- --------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
DSHGCGDBIUBBGIG
(END) Dow Jones Newswires
January 10, 2018 05:02 ET (10:02 GMT)
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