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Bacanora Lithium Ltd shifts attention to construction as financing completes

Bacanora Lithium Ltd shifts attention to construction as financing completes
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Today s Market View - Bacanora Lithium, Lucara Diamonds, Pasofino Gold and more

Today s Market View - Bacanora Lithium, Lucara Diamonds, Pasofino Gold and more. Bacanora Lithium (LON:BCN) – Potential offer from Ganfeng Lucara Diamonds (CVE:LUC) – Reports healthiest diamond market for 5 years Pasofino Gold (CVE:VEIN) – C$9m equity raise Power Metal Resources (LON:POW) – New corporate presentation SP Angel . Morning View . Friday 07 05 21 Copper prices make new high Good Chinese PMI data point to strengthening growth momentum MiFID II exempt information – see disclaimer below - FCA looks to scrap MiFID research rules on small-caps in UK competitiveness drive (Investment Week) Lucara Diamonds (CVE:LUC) – Reports healthiest diamond market for 5 years Pasofino Gold (CVE:VEIN) – C$9m equity raise

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China s Ganfeng makes $264 5m buyout offer for Bacanora Lithium

07 May 2021 (Last Updated May 7th, 2021 10:12) China’s Ganfeng Lithium has offered to acquire the shares it does not already own in Bacanora Lithium for $264.5m. Share Article Ganfengwill intends to acquire the remaining shares in Bacanora at 67.5p per share. Credit: Khusen Rustamov from Pixabay. Bacanora’s independent directors, who consider Ganfeng’s offer as ‘attractive’, intend to recommend the deal to shareholders once it becomes a formal proposal. The possible deal would be subject to Chinese authorities’ approval. According to the latest offer, Ganfeng will acquire the remaining shares in Bacanora at 67.5p per share. The deal values Bacanora Lithium at up to £267m.

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Investegate |Bacanora Lithium PLC Announcements | Bacanora Lithium PLC: Possible Offer for Bacanora Lithium plc

FOR IMMEDIATE RELEASE THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN OR INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION. THIS IS AN ANNOUNCEMENT OF A POSSIBLE OFFER UNDER RULE 2.4 OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE CODE ). THIS ANNOUNCEMENT IS NOT AN ANNOUNCEMENT OF A FIRM INTENTION TO MAKE AN OFFER UNDER RULE 2.7 OF THE CODE AND THERE CAN BE NO CERTAINTY THAT AN OFFER WILL BE MADE, EVEN IF THE PRE-CONDITIONS IN THIS ANNOUNCEMENT ARE SATISFIED.

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Bacanora Lithium PLC receives £21 8mln after authorities approve Ganfeng joint venture

Bacanora Lithium PLC receives £21 8mln after authorities approve Ganfeng joint venture
proactiveinvestors.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.com Daily Mail and Mail on Sunday newspapers.

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