Bacanora Lithium (BCN LN) has announced that it has raised £7.7m (US$10m) at a price of 25p/sh. through the issuance of 30.92m shares. The placing made at the request of one of the company’s key institutional shareholders underpins the support for the project beyond that of Ganfeng. M&G will, as a result of the placing, increase their position to 19.9% which we view as a significant endorsement of the company’s strategy in particularly in relation to successfully bringin
25 Nov 2019
VSA Morning Miner
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VSA Morning Miner
- Published:
25 Nov 2019 -
Author:
Oliver O’Donnell -
Pages:
3
Bacanora Lithium (BCN LN) has announced that it has raised £7.7m (US$10m) at a price of 25p/sh. through the issuance of 30.92m shares. The placing made at the request of one of the company’s key institutional shareholders underpins the support for the project beyond that of Ganfeng. M&G will, as a result of the placing, increase their position to 19.9% which we view as a significant endorsement of the company’s strategy in particularly in relation to successfully bringin