LOWER HUTT, NZ, June 10, 2015 /CNW/ - On June 9, 2015, D&A provided written authority to Mr. Guy Walker, who is the corporate secretary of Igneous Capital Limited "Igneous"), to attend the annual and special meeting of shareholders of Bacanora Minerals Ltd. ("Bacanora") scheduled for June 12, 2015, to vote the 5,303,030 common shares of Bacanora controlled by D&A (the "D&A Shares"). Such authority was provided to Mr. Walker in his personal capacity and not as an officer of Igneous. As a result, D&A may be considered to be acting jointly or in concert with Igneous, such that Igneous is deemed to beneficially own the D&A Shares. Following this authorization, Igneous holds ownership and control of 15,000,000 common shares of Bacanora directly and has control over 5,303,030 common shares of Bacanora through D&A, for a total of 20,303,030 common shares of Bacanora, which represents approximately 24% of the issued and outstanding common shares of Bacanora.
This press release is issued pursuant to National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, which requires a report to be filed on SEDAR (www.sedar.com) containing additional information with respect to the foregoing matters. A copy of this report may be obtained by contacting Igneous Capital at 55 Marine Parade, Eastbourne, Lower Hutt, 5013, New Zealand.
SOURCE Igneous Capital Limited
For further information: Guy Walker, Corporate Secretary, Igneous Capital, [email protected]