Bacanora Minerals Ltd Transaction Notification (4768X)

TIDMBCN

RNS Number : 4768X

Bacanora Minerals Ltd

24 November 2017

24 November 2017

Bacanora Minerals Ltd

('Bacanora' or the 'Company')

Transaction Notification

Bacanora, the London and Canadian listed Lithium exploration and development company has received notification of the off-market transfer of shares beneficially owned by Mark Hohnen, Executive Chairman of the Company. The transfer is between an existing pension fund and a new one set up to comply with Australian superannuation regulations. At no stage has the ultimate beneficial ownership changed and Mr Hohnen's beneficial interest in the Company's shares remains at 1,514,951.

 
        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                    Transfer of shares between superannuation 
       the transaction              pension funds with the same beneficial 
                                    owner. 
                                    Transferor - Vynben Pty Ltd (Mark Hohnen 
                                    Superannuation Fund) 
                                    Transferee - Vynben Pension Pty Ltd 
                                    (Mark Hohnen Pension Fund) 
---  ---------------------------  ---------------------------------------------------------------- 
 
 c.   Price(s) and                   Price(s)             Volume(s)            Date 
       volume(s) 
---  ---------------------------    -------------------  -------------------  ----------- 
                                     AUS$1.827p           606,666              24 Nov 
                                                           common               2017 
                                                           shares 
                                    -------------------  -------------------  ----------- 
 
 d.   Aggregated 
       information 
 
       - Aggregated                  606,666 
       Volume                        AUS$1.827p 
 
       - Price 
---  ---------------------------  ---------------------  ----------------------------------------- 
 e.   Date of the                  24 November 2017 
       transaction 
---  ---------------------------  ---------------------------------------------------------------- 
 f.   Place of the                 Off market 
       transaction 
---  ---------------------------  ---------------------------------------------------------------- 
 
 

**ENDS**

 
 Bacanora Minerals      Peter Secker, CEO        [e-mail] 
  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

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November 24, 2017 06:30 ET (11:30 GMT)