Bacanora Minerals Ltd.
TSX VENTURE : BCN
AIM : BCN

Bacanora Minerals Ltd.

September 10, 2014 18:00 ET

Bacanora Announces New Board Member

CALGARY, ABLERTA--(Marketwired - Sept. 10, 2014) - BACANORA MINERALS LTD. (TSX VENTURE:BCN)(AIM:BCN) (the "Corporation" or "Bacanora") is pleased to announce the appointment of Kiran Morzaria as a non-executive director of the Company with immediate effect.

Mr. Kiran Caldas Morzaria (aged 40) holds a Bachelor of Engineering (Industrial Geology) from the Camborne School of Mines and an MBA (Finance) from the City University London's CASS Business School. He has 15 years of experience in the natural resource industry and has held the roles of Finance Director, Senior Independent Non-Executive Director, and Chairman of the Audit and Remuneration committees for both London AIM and LSE main board listed companies.

Kiran is the Chief Executive Officer of Rare Earth Minerals Plc ("REM"), which holds a 30 per cent. interest in both the Mexilit and Megalit subsidiaries, which hold the El Sauz, El Sauz 1, El Sauz 2, Fleur and Fleur 1, Buena Vista, San Gabriel and Megalit Concessions of the Company's Sonora Lithium project in northern Mexico. REM is also one of Bacanora's substantial shareholders.

Colin Orr-Ewing, Non-Executive Chairman, commented: "I have worked with Kiran in the past, and have always found him to be a strong addition to any company. Kiran's relevant experience, commercial knowledge and technical training will be of significant importance to the Board as we progress our projects in northern Mexico."

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. 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 www.sedar.com. 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.

Contact Information

  • Bacanora Minerals Ltd.
    Colin Orr-Ewing
    Non-Executive Chairman
    Phone: +44 (0) 20 3696 2410 or +44 (0) 77 6546 1739

    Bacanora Minerals Ltd.
    Shane Shircliff
    Chief Executive Officer
    (306) 649-0602

    Bacanora Minerals Ltd.
    Martin Vidal
    President
    (+52 662) 210-0767