30 Jun 2021 16:02
30 June 2021
Bacanora Lithium plc
("Bacanora" or the "Company")
Result of AGM
Bacanora Lithium plc (AIM: BCN), a lithium 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 | Withheld | |
Ordinary Resolutions | Shares | Shares | % Approval | Shares |
1. To receive the Annual Report and Financial Statements for the year ended 31 December 2020 | 239,226,288 | 2,402,238 | 99.0% | 1,068,787 |
2. To receive and approve the Report of the Remuneration Committee for the year ended 31 December 2020 | 217,723,700 | 23,861,007 | 90.1% | 1,112,606 |
3. To approve the terms of the new Share Incentive Schemes | 231,154,109 | 10,437,873 | 95.7% | 1,105,331 |
4. To re-appoint BDO LLP as auditors | 240,969,402 | 590,781 | 99.8% | 1,091,998 |
5. To authorise the Directors to agree and fix the auditors' remuneration | 238,889,719 | 2,734,059 | 98.9% | 1,073,535 |
6. To re-elect Jamie Strauss as a Director | 214,879,690 | 27,694,161 | 88.6% | 121,109 |
7. To re-elect Andres Antonius as a Director | 233,069,297 | 9,491,664 | 96.1% | 136,351 |
8. To authorise the Directors to allot Ordinary Shares | 224,244,294 | 18,321,324 | 92.4% | 131,695 |
Special Resolutions | ||||
9. To disapply the statutory pre-emption rights on allotment of shares | 188,061,896 | 54,396,232 | 77.6% | 239,188 |
** ENDS **
For further information please visit www.bacanoralithium.com or contact:
Bacanora Lithium plc Peter Secker, CEO Janet Blas, CFO
| info@bacanoralithium.com |
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 / Thomas Diehl
| +44 (0) 20 7523 8000 |
Tavistock, Financial PR Adviser Jos Simson / Nick Elwes / Oliver Lamb | Bacanora@tavistock.co.uk +44 (0) 20 7920 3150 |
Notes to editors
Bacanora Lithium Plc is an AIM-listed (ticker 'BCN') lithium development company. The Company 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 is owned 50% by Bacanora and 50% by Ganfeng Lithium Co., Ltd. SLL 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 also owns 70% of the El Sauz and Fleur concessions.
Bacanora also owns 35.5% of Zinnwald Lithium Plc (AIM: ZNWD), which in turn owns the Zinnwald Lithium Project and the Falkenhaim, Altenberg and Sadisdorf Licences in southern Saxony, Germany.
Important notice
The contents of this announcement have been prepared by and are the sole responsibility of Bacanora.