Bacanora Minerals Ltd Director/PDMR Shareholding (0064A)
March 21 2017 - 2:02AM
UK Regulatory
TIDMBCN
RNS Number : 0064A
Bacanora Minerals Ltd
21 March 2017
Bacanora Minerals Ltd
('Bacanora' or the 'Company')
Transaction Notification
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
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 Strauss
------------ -----------------------------------
2 Reason for
notification
------- ---------------------------------- ------------ -----------------------------------
a. Position/Status Non-Executive 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 2138008OQE6GDZO3YD74
------- ---------------------------------- ------------ -----------------------------------
4 Details of the transaction(s): section
(i) 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 ISIN: CA05634Q1054
Identification
Code
------- ---------------------------------- ------------ -----------------------------------
b. Nature of Market purchase
the transaction
------- ---------------------------------- ------------ -----------------------------------
c. Price(s) and Price(s) Volume(s) Date
volume(s)
------- ---------------------------------- ----------- --------------- ---------------
79p 27,000 16.03.17
----------- --------------- ---------------
Aggregated
d. information
- Aggregated
Volume 27,000
- Price 79p
---------------------------------- -------------------- -----------------------------------
e. Date of the 16 March 2017
transaction
------- ---------------------------------- ------------ -----------------------------------
f. Place of the London Stock Exchange (XLON)
transaction
------- ---------------------------------- ------------ -----------------------------------
4 Details of the transaction(s): section
(ii) 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 ISIN: CA05634Q1054
Identification
Code
------- ---------------------------------- ------------ -----------------------------------
b. Nature of Market purchase
the transaction
------- ---------------------------------- ------------ -----------------------------------
c. Price(s) and Price(s) Volume(s) Date
volume(s)
------- ---------------------------------- ----------- --------------- ---------------
82.5p 33,000 20.03.17
----------- --------------- ---------------
Aggregated
d. information
- Aggregated
Volume 33,000
- Price 82.5p
---------------------------------- -------------------- -----------------------------------
e. Date of the 20 March 2017
transaction
------- ---------------------------------- ------------ -----------------------------------
f. Place of the London Stock Exchange (XLON)
transaction
------- ---------------------------------- ------------ -----------------------------------
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 +44 (0) 20
Broker Black/Paul Gillam 7260 1000
--------------------- --------------------------- --------------------------
St Brides Partners,
Financial PR Frank Buhagiar/ Elisabeth +44 (0) 20
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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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