28 Oct 2016 14:00
Bacanora Minerals Ltd.
("Bacanora" or the "Company")
Director Appointment
BACANORA MINERALS LTD. (AIM and TSX-V: BCN), the London and Canadian listed lithium exploration and development company focused on Mexico, is pleased to confirm the previously announced appointment of James Strauss as a Director of the Company (with immediate effect) as a result of the completion of all regulatory checks required under AIM Rules (see the Company's announcement released on 18 October 2016).
James Digby Ronald Strauss (aged 47) is the founding partner of Strauss Partners Ltd. He has worked as a stockbroker in the City of London for over 25 years, specialising in the natural resources sector for nearly 20 of these. He was previously Managing Director of UK Equity product at BMO Capital Markets, prior to which he was a director of Hargreave Hale Ltd. where he founded, developed and then sold a Mining institutional sales and research department. Jamie started his career in 1986 at Strauss Turnbull (subsequently bought by Société Générale). Jamie has experience in sales, research, transaction structuring, IPOs and syndication. He is a Non-Executive director of Altius Minerals and Gold Standard Ventures. He was on the board of Extorre Gold Mines until its successful sale to Yamana in 2012. He is also a trustee of The Julian Baring Scholarship Fund.
Set out below are details of Mr. Strauss's current directorships and those that he has held within the last five years.
Current Directorships | Past Directorships (past 5 years) |
Strauss Partners Ltd | Salt Lake Potash Ltd |
Altius Minerals Corp | Extorre Gold Mines Ltd |
Gold Standard Ventures Corp | Appleton Resources Ltd |
Y-Risk Ltd | Stonehurst Aviation Ltd |
Strauss Partners LLP |
There is no further information on Mr. Strauss, which is required to be disclosed under Schedule Two, paragraph (g) of the AIM Rules for Companies.
For further information, please contact:
Bacanora Minerals Ltd.
| Peter Secker - CEO | info@bacanoraminerals.com
|
Cairn Financial Advisers LLP, Nomad
| Sandy Jamieson / Liam Murray
| +44 (0) 20 7213 0880 |
Numis Securities Ltd, Broker
| John Prior/James Black/Paul Gillam | +44 (0) 20 7260 1000 |
St Brides Partners, Financial PR Adviser | Hugo de Salis/ Frank Buhagiar / Elisabeth Cowell | +44 (0) 20 7236 1177 |
ABOUT BACANORA:
Bacanora is a Canadian and London listed minerals explorer (TSX-V: BCN and AIM: BCN). The Company explores and develops industrial mineral projects, with a primary focus on lithium. The Sonora Lithium Project, which consists of ten mining concession areas covering approximately 100 thousand hectares in the northeast of Sonora State. The Company, through drilling and exploration work to date, has established an Indicated Mineral Resource (in accordance with NI 43-101) of 4.5 million tonnes (LCE) and 2.7 million tonnes Inferred. A PFS completed in Q1 2016 demonstrated the attractive economics associated with becoming a 35,000 tpa lithium carbonate and 50,000 tpa SOP producer in Mexico. The Company is led by a team with lithium expertise which have proven mine development, construction and operational experience.