Bacanora Announces Principal Terms of Equity Offering
2014年6月26日 - 5:44AM
Marketwired
Bacanora Announces Principal Terms of Equity Offering
CALGARY, ALBERTA--(Marketwired - Jun 25, 2014) - BACANORA
MINERALS LTD. (TSX-VENTURE:BCN) ("Bacanora" or the "Company") is
pleased to announce the principal terms of its previously announced
brokered financing that is expected to be completed in conjunction
with its application for the admission of its common shares to
trading on the AIM Market of the London Stock Exchange ("AIM").
Bacanora intends to offer up to £4,750,000 of common shares at a
price of 0.33p per share. Using a foreign exchange rate of £1.00 =
C$1.834, the offering price per security will be approximately
C$0.605 and the aggregate gross proceeds of securities offered is
expected to be up to approximately C$8,708,334. If fully
subscribed, an aggregate of up to 14,393,940 common shares will be
issued to subscribers under the offering in addition to shares and
warrants that are expected to be issued to the Company's brokers
and Nominated Advisor upon completion of the financing and
admission onto AIM of the Company's common shares. The proceeds of
the offering will be used to cover the expenses associated with the
AIM listing and to fund the preparation of a pre-feasibility study
on the Company's Magdalena Borate Project, for the continuation of
the Company's work program to establish the economic potential of
the Sonora Lithium Project and for general working capital
purposes.
Reader Advisory
Except for
statements of historical fact, this news release contains certain
"forward-looking information" within the meaning of applicable
securities law. Forward-looking information is frequently
characterized by words such as "plan", "expect", "project",
"intend", "believe", "anticipate", "estimate" and other similar
words, or statements that certain events or conditions "may" or
"will" occur. In particular, forward-looking information in this
press release includes, but is not limited to the potential future
listing of the Corporation's common shares on the AIM, the
potential offering of securities of the Company and the potential
aggregate gross proceeds therefrom. Although we believe that the
expectations reflected in the forward-looking information are
reasonable, there can be no assurance that such expectations will
prove to be correct. We cannot guarantee future results,
performance or achievements. Consequently, there is no
representation that the actual results achieved will be the same,
in whole or in part, as those set out in the forward-looking
information.
Forward-looking
information is based on the opinions and estimates of management at
the date the statements are made, and are subject to a variety of
risks and uncertainties and other factors that could cause actual
events or results to differ materially from those anticipated in
the forward-looking information. Some of the risks and other
factors that could cause the results to differ materially from
those expressed in the forward-looking information include, but are
not limited to: commodity price volatility; general economic
conditions in Canada, the United States, Mexico and globally;
industry conditions, governmental regulation, including
environmental regulation; unanticipated operating events or
performance; failure to obtain industry partner and other third
party consents and approvals, if and when required; the
availability of capital on acceptable terms; the need to obtain
required approvals from regulatory authorities; stock market
volatility; competition for, among other things, capital, skilled
personnel and supplies; changes in tax laws; and the other risk
factors disclosed under our profile on SEDAR at www.sedar.com.
Readers are cautioned that this list of risk factors should not be
construed as exhaustive.
The
forward-looking information contained in this news release is
expressly qualified by this cautionary statement. We undertake no
duty to update any of the forward-looking information to conform
such information to actual results or to changes in our
expectations except as otherwise required by applicable securities
legislation. Readers are cautioned not to place undue reliance on
forward-looking information.
Neither the TSX
Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this
release.
Bacanora Minerals Ltd.Shane ShircliffChief Executive
Officer(306) 649-0602Bacanora Minerals Ltd.Martin
VidalPresident(+52 662) 210-0767www.bacanoraminerals.com
Bacanora Minerals Ltd. (TSXV:BCN)
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Bacanora Minerals Ltd. (TSXV:BCN)
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