April 10, 2017 / 1:36 PM / 3 months ago

BRIEF-Bacanora Minerals enters into strategic partnership with Hanwa Co

1 Min Read

April 10 (Reuters) - Bacanora Minerals Ltd

* Bacanora Minerals Ltd - entered into a strategic partnership with Hanwa Co

* Bacanora Minerals Ltd - Hanwa to acquire an initial 10 percent interest in Bacanora, raising about C$16.9 million in proceeds to company

* Bacanora Minerals Ltd - Hanwa raising about C$16.9 million in proceeds to company via placement of 12.3 million shares at a price of about C$1.37/share

* Bacanora Minerals Ltd - Hanwa shall have an option to increase its equity interest in bacanora to 19.9 percent

* Bacanora Minerals- deal comprised of initial 10 percent equity in co, off-take deal up to 100 percent of battery grade lithium carbonate produced at Sonora lithium project Source text for Eikon: Further company coverage:

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