Bacanora Lithium Plc announces placement of equity shares

  • Nov 25, 2019 GMT
  • Team Kalkine
  • The company has raised £7,729,150 by placing 30,916,601 new ordinary shares in the company
  • The issued was placed with M&G Plc, one of the company’s flagship shareholders
  • M&G Plc increased its stake in the company to 19.9%.
  • The proceeds of the issue will be utilised in the construction work for Sonora Lithium Project in Mexico
  • On 25 November 2019, BCN shares were trading at GBX 27 at GMT 09:53 AM, up 1.25 points or 4.85% from the previous day’s closing price level.

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