Bacanora Announces Director Resignation
(firmenpresse) - CALGARY, ALBERTA -- (Marketwired) -- 12/21/15 -- BACANORA MINERALS LTD. ("Bacanora" or the "Company") (TSX VENTURE: BCN)(AIM: BCN), the Canadian and London listed company that is developing the Sonora Lithium Project in northern Mexico, announces that David Lenigas has resigned from the Board with immediate effect.
Colin Orr-Ewing, Bacanora''s Chairman, commented: "David has made many positive contributions to the Bacanora Board since he joined the Company as a non-executive director earlier in the year and I wish him well with his new ventures. His enthusiasm and foresight in recognizing the value of the Sonora Project at an early stage has helped drive the whole project forward."
David Lenigas further stated; "The Sonora Lithium Project has advanced a long way down the path to international recognition as a potential major new lithium supplier on the global scene. The world will need a lot more lithium that is currently being produced with the rapid development of electric/hybrid vehicle and energy storage markets in general ensures that Bacanora is well placed to capitalize on this for the benefit of its partners and shareholders."
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 and borates. The Company''s operations are based in Hermosillo in northern Mexico and it currently has two significant projects under development in the state of Sonora. The two main assets of Bacanora are:
Reader Advisory
Except for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. In particular, forward-looking information in this press release includes, but is not limited to comments regarding the future of world lithium markets. Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, performance or achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information.
Forward-looking information is based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: commodity price volatility; general economic conditions in Canada, the United States, Mexico and globally; industry conditions, governmental regulation, including environmental regulation; unanticipated operating events or performance; failure to obtain industry partner and other third party consents and approvals, if and when required; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; stock market volatility; competition for, among other things, capital, skilled personnel and supplies; changes in tax laws; and the other risk factors disclosed under our profile on SEDAR at . Readers are cautioned that this list of risk factors should not be construed as exhaustive.
The forward-looking information contained in this news release is expressly qualified by this cautionary statement. We undertake no duty to update any of the forward-looking information to conform such information to actual results or to changes in our expectations except as otherwise required by applicable securities legislation. Readers are cautioned not to place undue reliance on forward-looking information.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Peter Secker
Chief Executive Officer
Martin Vidal
President
(+52 662) 210-0767
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Datum: 21.12.2015 - 08:00 Uhr
Sprache: Deutsch
News-ID 1405739
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Mining & Metals
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