Bacanora Lithium (BCN LN) has announced a follow up to the US$65m financing with Ganfeng Lithium exercising its pre-emptive rights and increasing its position to 28.8% meaning that it remains BCN’s largest shareholder. In order to do this Ganfeng will subscribe for 53.3mn shares at the deal price of 45p/sh. which indicates US$31m taking the total funding in this deal to US$96m and the shares outstanding for the company to 384.1mn. The completion of Ganfeng’s investment remains contingent on cert ....
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VSA Morning Miner 08/02/21 (Bacanora Lithium)
- Published:
08 Feb 2021 -
Author:
Oliver O’Donnell -
Pages:
3
Bacanora Lithium (BCN LN) has announced a follow up to the US$65m financing with Ganfeng Lithium exercising its pre-emptive rights and increasing its position to 28.8% meaning that it remains BCN’s largest shareholder. In order to do this Ganfeng will subscribe for 53.3mn shares at the deal price of 45p/sh. which indicates US$31m taking the total funding in this deal to US$96m and the shares outstanding for the company to 384.1mn. The completion of Ganfeng’s investment remains contingent on cert ....