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Bacanora Lithium PLC - Result of AGM

RNS Number : 6972P
Bacanora Lithium PLC
11 June 2020
 

11 June 2020

Bacanora Lithium plc

("Bacanora" or the "Company")

 

                                                                                         Result of AGM

 

Bacanora Lithium plc (AIM: BCN), a lithium exploration and development company, announces that at its annual general meeting ("AGM") held earlier today, all resolutions were duly passed, as follows: 

Resolution

Votes for

Votes Against

Approval

Withheld

Ordinary Resolutions

Shares

Shares

%

Shares

1.    Receive the Annual report and financial statements for the six months to 31 December 2019

129,644,121

503,791

99.6%

6,500

2.    Re-appoint BDO LLP as auditors

130,144,530

3,382

100.0%

6,500

3.    Authorise Directors to agree and fix auditors' remuneration

130,147,530

382

100.0%

6,500

4.    Re-elect Peter Secker as Director

126,968,592

315,989

99.8%

8,091

5.    Re-elect Eileen Carr as Director

129,611,679

534,642

99.6%

8,091

6.    Re-elect Graeme Purdy as Director

130,110,960

35,361

100.0%

8,091

7.    Authorise the Directors to allot Ordinary Shares

122,732,162

6,917,250

94.7%

505,000

Special Resolutions

 





8.    Disapply the statutory pre-emption rights on allotment of shares

119,481,640

7,804,826

93.9%

6,206

9.    Authorise the Company to make market purchases to buy-back shares

121,750,007

5,536,459

95.7%

6,206

10.  Authorise the Company to amend its Articles

122,209,953

5,033,266

96.0%

49,453

 

As shareholders were not able to attend this year's AGM in person, as previously announced, the Company has produced a Q&A document to answer relevant questions raised by shareholders.  The document is available to view on the Company's website: https://www.bacanoralithium.com/investor-relations/agm-documents/.  The Company will host a call for shareholders later in H2 2020.

** ENDS **

 

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

Bacanora Lithium plc

Peter Secker, CEO

Janet Blas, CFO

 

[email protected]

Cairn Financial Advisers LLP, Nomad

Sandy Jamieson / Liam Murray

 

+44 (0) 20 7213 0880

Citigroup Global Markets, Joint Broker

Tom Reid / Patrick Evans / Matthew Kenney

 

+44 (0) 20 7986 4000

Canaccord Genuity, Joint Broker

James Asensio / Edward Montgomery

 

+44 (0) 20 7523 8000

Tavistock, Financial PR Adviser

Jos Simson / Emily Moss / Oliver Lamb

[email protected]

+44 (0) 20 7920 3150

+44 (0) 77 8855 4035

 

Notes to editors

Bacanora Lithium Plc is an AIM-listed (ticker 'BCN') lithium development and exploration company. The Company owns assets in Mexico and Germany. It 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. SLL is owned 77.5% by Bacanora and 22.5% by Ganfeng Lithium Ltd. SLL also owns 70% of the El Sauz and Fleur concessions. 

 

In addition, the Company has a 50% interest in the Zinnwald Lithium Project and the Falkenhain and Altenberg Licences in southern Saxony, Germany.

 

Important notice

The contents of this announcement have been prepared by and are the sole responsibility of Bacanora.

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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Quick facts: Bacanora Lithium Ltd

Price: 21.01

Market: AIM
Market Cap: £46.85 m
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