06:33:30 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
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Bacanora Minerals Ltd
Symbol BCN
Shares Issued 85,147,409
Close 2015-11-25 C$ 1.49
Market Cap C$ 126,869,639
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Bacanora appoints Hohnen as director

2015-11-26 18:50 ET - News Release

Mr. Peter Secker reports

BACANORA ANNOUNCES NEW DIRECTOR APPOINTMENT

Bacanora Minerals Ltd. has appointed Mark Hohnen as a director of Bacanora, subject to regulatory approval and finalization of the terms of his appointment.

Mr. Hohnen brings with him experience in the Japanese, Chinese and Korean markets, all of which play a significant role in the production of lithium ion batteries and the development of electric vehicle technology. Mr. Hohnen has been involved in the mineral resource sector since the late 1970s. He has had extensive international business experience in a wide range of industries, including mining and exploration, property, investment, software, and agriculture. He has held a number of directorships in both public and private companies, and was founding chairman of Cape Mentelle and Cloudy Bay wines, as well as the oil and coal company Anglo Pacific Resources PLC. Mr. Hohnen was also a director of Kalahari Minerals and Extract Resources, having successfully negotiated the sale of both companies to Taurus (CGN). He remains on the board of Swakop Uranium, which is developing the world's second-largest uranium mine and the largest mine development in southern Africa. He is also a director of Australian Securities Exchange-listed Wildhorse Energy Ltd.

Colin Orr-Ewing, Bacanora chairman, commented: "We are delighted to have attracted such an experienced and qualified operator as Mark, whose proposed appointment significantly strengthens our board, and represents another positive endorsement of the Sonora lithium project and our ongoing progress in developing our assets. We look forward to welcoming Mark to our team and working closely together with him to continue building value for our shareholders."

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