Bacanora Lithium Share Discussion Threads

[tebbin] 16/6/2015 16:28

I have no evidence to back up my theory, but maybe IG may have a pipeline to a major company, which is interested in a future take off agreement, or a take over of BCN....
Them being privy to data from board meetings, would make a problem for the other directors, and major shareholders... Only answer, is what happened.......they still should they wish to act jointly with D & A have a holding of over 24%...... Could be all wrong... It's only a conspiracy theory.....

[rwauu] 16/6/2015 11:13

We still wait for DL. He promised us to blow lights out. So we will see about this. World would be cleaner place with electric cars, that is for sure.

[tebbin] 15/6/2015 09:14

The company last year (Oct.) stated a PFS on the borate project would be produced.
This was to be published 1Q 2015.....
05 June 2015. "At the same time, the project team will continue to finalise the PFS for the Magdalena Borates Project in Sonora State, Mexico and review potential cashflows from this project as a source of working capital for the Company. "
This matter would seem to be a priority, with this part of the project so far behind time, and the need to obtain some cash for the large demands they will meet in the future..

Let's hope the new CEOS can drive it forward.

[12bn12bn] 13/6/2015 12:44

It was unusual to see so many 100 share trades on the trot going into the close last night and all anonymous. Pretty sure the big trades were REM buying still (TD Sec).

[12bn12bn] 13/6/2015 12:33

Jun 11/15 Rare Earth Minerals Plc 75,000 $1.71
Jun 9/15 Rare Earth Minerals Plc 402,900 $1.82

[mr j ahmed] 13/6/2015 11:56

look the trades last night in the canada,is maybe something not right in there

[mr j ahmed] 13/6/2015 11:55

lock in shares expiry in few weeks and now the ones who have 25% are voted off the board and getting owet of her director status and related status. maybe the big dump is on her way soonest.

[12bn12bn] 13/6/2015 11:48

If it's not Walker it would be someone else. Guess they thought because we own a high % of the shares we should have someone on the board.
Could not find out a lot about Igneous Capital Limited!!!

Igneous Capital Limited ("Igneous" of the “Offeror”;)
55 Marine Parade
Eastbourne, Lower Hutt, 5013
New Zealand
D&A Income Limited (“D&A̶1;)
HSBC House
Esplanade
St Helier, Jersey,
JE1 1GT
Channel Islands
Igneous was established in 2011 to invest primarily in gold mining assets and gold exploration globally. "an entity controlled by Graham Edwards "

[georgeski] 13/6/2015 11:24

Why do they actually need Walker on the board other to make the numbers up. His speciality was raising capital and they don't need that with DL on board.

[richie496] 13/6/2015 10:54

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[12bn12bn] 13/6/2015 10:45

Lower Hutt, NZ, June 12, 2015 – Further to the press release of Igneous Capital Limited (“Igneous̶1;) dated June 10, 2015, as the annual and special meeting of shareholders of Bacanora Minerals Ltd. (“BacanoraR21;) scheduled for June 12, 2015 has concluded, Igneous and D&A Income Limited are no longer acting jointly or in concert. Igneous holds ownership and control of 15,000,000 common shares of Bacanora, which represents approximately 17.7% of the issued and outstanding common shares of Bacanora.
This press release is issued pursuant to National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, which requires a report to be filed on SEDAR (www.sedar.com) containing additional information with respect to the foregoing matters. A copy of this report may be obtained by contacting Igneous Capital at 55 Marine Parade, Eastbourne, Lower Hutt, 5013, New Zealand.

[tebbin] 13/6/2015 09:21

I find it strange that Guy Walker was entrusted with 24% of the total votes(shares)...
This 24% is above the 20% which triggers a take over offer for the remaining shares....
The Canadian SE code and rules detail that as being the trigger point......
The two shareholding companies, which he represented seem to be connected....

[tomthedom] 12/6/2015 22:52

So Mr Walker will be offering his resignation then?
I wonder if it will be accepted...

[12bn12bn] 12/6/2015 22:06

Bacanora Minerals Ltd. held the annual and special meeting of its shareholders on June 12, 2015, in Calgary, Alta. In total, a total of 60,082,307 common shares, representing approximately 71.06 per cent of Bacanora's outstanding shares, were represented in person or by proxy at the meeting.

At the meeting, the number of votes cast for the election of the following nominees exceeded the number of votes withheld in respect of the election of such nominees: Colin Orr-Ewing, Martin Vidal, Shane Shircliff, Derek Batorowski, James Leahy, Kiran Morzaria and David Lenigas. The number of votes withheld in respect of the election of Guy Walker exceeded the number of votes cast for his election. Based upon the foregoing voting results and applicable Canadian laws, as all eight nominees for election as a director had votes cast in favour of their election, they were all duly elected as directors of the company. It should be noted, however (as disclosed in the management proxy circular of the company dated May 8, 2015), that, notwithstanding the foregoing election results, each of the directors has previously entered into a director appointment letter and has also agreed to be bound by Bacanora's majority voting policy. Under each of those instruments, the foregoing nominees have all contractually agreed that in the event that it should occur that a greater number of votes are withheld, than are cast in favour of their respective election as a director, he/she shall forthwith thereafter (and in any event within seven days) tender his resignation as a director of Bacanora (and from any committee of the board to which he/she has been appointed).

In addition, all other resolutions presented at the meeting were approved by Bacanora's shareholders, including the appointment of BDO Canada LLP as auditor, the reapproval of Bacanora's stock option plan and the approval of an ordinary resolution to confirm, ratify and approve certain amendments to the company's bylaws, all as set forth in the management proxy circular of the company dated May 8, 2015.

We seek Safe Harbor.

[georgeski] 12/6/2015 21:48

temmujin. Have they got any lithium?

[temmujin] 12/6/2015 21:24

dont forget lenigas's other little gem...Octagonal

david lenigas ‏@DavidLenigas 10h10 hours ago
I sincerely hope folks are not selling shares they don't own yet in OCT. I don't want even a 1% chance of a New World Oil on my watch in OCT
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david lenigas ‏@DavidLenigas 10h10 hours ago
And for the record. All my shares in OCT will be locked in for a year. I like this business and growth a lot. I have always said that.
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david lenigas ‏@DavidLenigas 11h11 hours ago
The OCT/GIS deal has taken a very long time to do due to its full international banking licences. It is growing very fast. Watch!
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[georgeski] 12/6/2015 20:28

Thought there was an agm today?

[12bn12bn] 12/6/2015 16:49

Edited
On June 9, 2015, the Offeror, an investment company listed on the Alternative Investment Market of the London Stock Exchange (the “AIM”), acquired ownership and control of 402,900 common shares (each a “Share”) in the capital of Bacanora Minerals Ltd. (the “Company”;), at a price of $CAD 1.82 per Share on the open market through the facilities of the AIM (the “Dealings̶1;). Trade settlement for the
Dealings is scheduled for June 12, 2015.
Prior to the Dealings, REM beneficially owned and exercised full control and direction over an aggregate of 13,471,008 Shares of the Company (the “Initial Shares”), representing an interest of 15.93% of the Company’s issued and outstanding shares. The Initial Shares were purchased in several instalments over the period beginning on September 13, 2013 until June 8, 2015 at purchase prices ranging from $CAD 0.27 per Share to $CAD 1.89 per Share, and at a weighted average price of $CAD 0.89 per Share.
As a result of the Dealings, REM beneficially owns and exercises control over an aggregate of 13,873,908 Shares representing an interest of approximately 16.41% of the Company’s issued and outstanding shares. This early warning report is further to the early warning report of February 19, 2015,
announcing REM’s beneficial ownership and control over an aggregate of 12,119,208 Shares, representing an interest of approximately 14.37% of the Company’s issued and outstanding shares.

[senttothegallows] 12/6/2015 09:35

Might pop £1 today.

[senttothegallows] 12/6/2015 06:58

Lets see what BCN have kept to impress with at the AGM

[mr j ahmed] 11/6/2015 22:24

who is say agm is today?

[tomthedom] 11/6/2015 22:11

What a couple of muppets you two are.
The AGM is tomorrow ffs. You're obviously well researched here.

And please don't repeat the same drivel in 24hrs.

[mr j ahmed] 11/6/2015 21:50

is any resolutions in the agm to give shares or options with low exercise price or free to directors or staffs?

[mr j ahmed] 11/6/2015 21:32

you can see who the buyer is but is the seller who is anonymous,rem shareholders monies is buying from anonymous source and is more biggest size than usual and all this more biggest size than usual ones is anonymous seller.