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Bacanora Minerals (TSXV:BCN) commented that it is not aware of any corporate developments or other reason for recent market activity. The company noted, however, that Rare Earth Minerals PLC (LSE:REM) had increased its holding in the company from 15.4 percent to 15.93 percent. REM is Bacanora’s largest shareholder and its joint venture partner for certain concessions at its Sonora lithium project in Mexico.
Bacanora Minerals (TSXV:BCN) commented that it is not aware of any corporate developments or other reason for recent market activity. The company noted, however, that Rare Earth Minerals PLC (LSE:REM) had increased its holding in the company from 15.4 percent to 15.93 percent. REM is Bacanora’s largest shareholder and its joint venture partner for certain concessions at its Sonora lithium project in Mexico.
As quoted in the press release:
BACANORA MINERALS LTD. (“Bacanora” or the “Company”) (TSX VENTURE:BCN) (AIM:BCN), the Canadian and London listed lithium and borates development company focused on Mexico, is responding to a request from the Investment Industry Regulatory Organization of Canada on behalf of the TSX Venture Exchange, following the trading activity occurring on Canadian markets yesterday (June 8, 2015) in its shares. Bacanora is not aware of any corporate developments or other reason for the recent market activity and has no material undisclosed information, though the Company takes note that it has come to its attention that one of its largest shareholders, Rare Earth Minerals PLC (“REM”), has announced today that it has increased its holding of Bacanora shares from 15.40% to 15.93% through market purchases totaling approximately £426,000.
The Company will continue to update the investment community on its corporate developments in accordance with applicable securities laws and regulatory policies.
Click here to read the Bacanora Minerals (TSXV:BCN) press release
