Bacanora Lithium PLC - developer of Sonora lithium project in Mexico - Acquisition by Ganfeng International Trading (Shanghai) Ltd reaches over 75% valid acceptances, allowing its shares on AIM to be cancelled.
Company will delist from AIM on January 26. Deal cleared Mexican Antitrust Clearance conditions last week, allowing it to become unconditional.
In August, the two reached an agreement on recommended cash offer worth 73.6 pence per Bacanora share. It valued Bacanora at around GBP284.8 million.
Current stock price: 67.00 pence
Year-to-date change: up 4.7%
By Paul McGowan; paulmcgowan@alliancenews.com
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