Source - LSE Regulatory
RNS Number : 3491O
Bacanora Lithium PLC
08 February 2021
 

8 February 2021

Bacanora Lithium plc

("Bacanora" or the "Company")

 

Admission and Director's dealing

 

Bacanora Lithium plc (AIM: BCN), a lithium development company, announces that, further to the announcement released by the Company on 3 February 2021, 106,995,885 New Ordinary Shares were admitted to trading on AIM today at 8 a.m.

As the Placing was oversubscribed, the participation of Eileen Carr, a director of the Company, in the fundraise was scaled back from 88,889 New Ordinary Shares to 80,000 New Ordinary Shares at the Placing Price.  Following this transaction, Eileen Carr holds 80,000 ordinary shares in the Company, representing 0.02 per cent. of the Company's issued share capital as at the date of this announcement.

As at the date of this announcement, the Company has 330,811,568 ordinary shares of 10 pence each in issue. The Company does not hold any shares in treasury and all of the ordinary shares have equal voting rights.

The figure of 330,811,568 ordinary shares represents the total voting rights in the Company and may be used by shareholders as the denominator for the calculations by which they can determine if they are required to notify their interest in, or a change to their interest in, the Company under the Rules.

This Announcement contains inside information as defined in Article 7 of the Market Abuse Regulation No. 596/2014 ("MAR"). Upon the publication of this Announcement, this inside information is now considered to be in the public domain.

 

For further information please visit www.bacanoralithium.com or contact:

Bacanora Lithium plc

Peter Secker, CEO

Janet Blas, CFO

 

info@bacanoralithium.com

Cairn Financial Advisers LLP, Nomad

Sandy Jamieson / Liam Murray

 

+44 (0) 20 7213 0880

Citigroup Global Markets, Joint Broker

Patrick Evans / Matthew Kenney /

Andrew Miller-Jones

 

+44 (0) 20 7986 4000

Canaccord Genuity, Joint Broker

James Asensio / Sam Lucas / Thomas Diehl

 

 

+44 (0) 20 7523 8000

Tavistock, Financial PR Adviser

Jos Simson / Emily Moss / Oliver Lamb

Bacanora@tavistock.co.uk

+44 (0) 20 7920 3150

+44 (0) 77 8855 4035

 

Notes to editors

Bacanora Lithium Plc is an AIM-listed (ticker 'BCN') lithium development company. The Company is focused on building, in collaboration with its major shareholder and offtake partner, Ganfeng Lithium (the world's largest lithium metals producer), a 35,000 tonne per annum open pit lithium carbonate operation at its flagship asset, the Sonora Lithium Project in Mexico. The Sonora Lithium Project has 8.8 million tonnes of lithium carbonate (Li2CO3) equivalent resources, with an approximate 250-year resource life, as detailed in its December 2017 Feasibility Study.

Sonora Lithium Ltd ("SLL") is the operational holding company for the Sonora Lithium Project and owns 100% of the La Ventana concession. The La Ventana concession accounts for 88% of the mined ore feed in the Sonora Feasibility Study which covers the initial 19 years of the project mine life. On completion of this option exercise, SLL will be owned 50% by Bacanora and 50% by Ganfeng Lithium Co., Ltd. SLL also owns 70% of the El Sauz and Fleur concessions. 

Bacanora also owns 44.3% of Zinnwald Lithium Plc (AIM: ZNWD), which in turn owns a 50% interest in the Zinnwald Lithium Project and the Falkenhain and Altenberg Licences in southern Saxony, Germany.

 

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

Eileen Carr

2

Reason for notification


a.

Position/Status

Non-Executive Director

b.

Initial notification/

Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a.

Name

Bacanora Lithium plc

b.

LEI

2138006JSN7VQUDINN66

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 of the financial instrument, type of instrument

Identification Code


Ordinary shares of 10 pence each

 

ISIN: GB00BD20C246

b.

Nature of the transaction

 Purchase of shares

c.

Price(s) and volume(s)







Price(s) per share

Volume(s)


45 pence

80,000


 

 

d.

Aggregated information

 

- Aggregated Volume

 

- Price

 

 

n/a

 

n/a

e.

Date of the transaction

8 February 2021

f.

Place of the transaction

AIM, London Stock Exchange

 

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