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Directors up stake in Bacanora as Cadence sells 8.9m shares

By:  
Creamer Media Senior Deputy Editor Online
 
LITHIUM
UK-based mining investment firm Cadence Minerals has realised profit of £2.7-million on the partial sale of its equity stake in Bacanora Minerals, which is developing the Sonara lithium project in Mexico. Cadence sold 8.90-million shares, representing 42% of its equity stake in Bacanora, for £6.23 million. The investment group purchased these shares between June 2013 and September 2014 for £3.56-million.
 
 
 
 
 

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