Bacanora Mineral eyes UK move to fund international expansion
Source - SMW
Bacanora Minerals said it would re-commence the process of changing the domicile of jurisdiction from Canada to the UK.
The company said it intends to raise a significant amount of new debt and equity financing to fund its growth as an international lithium company with new projects in Mexico and Germany and believes that a UK domiciled company with its primary listing on AIM is the best way to achieve this.
The company's efforts in September 2016 to re-domicile from Canada to the UK was unsuccessful as it failed to obtain shareholder approval to proceed with the move.
At 8:45am: (LON:BCN) Bacanora Minerals Ltd Ord Npv di share price was -6.5p at 101.5p