Bacanora Announces Issuance of Shares for Services Rendered
Bacanora Minerals Ltd. announces the issuance of an aggregate of 192,000 common shares at a price of 0.25 per share to James Leahy, a director of the Corporation. The foregoing shares are being issued in payment of services rendered under a consulting agreement pursuant to which Mr. Leahy has provided various corporate financial advisory services to Bacanora. The foregoing consulting services have been recorded and disclosed in the Corporation’s most recent financial statements for the period ended September 30, 2012. The completion of this share issuance is subject to the approval of the TSX Venture Exchange. Upon issuance, the foregoing shares will be subject to a statutory four-month hold period in accordance with applicable securities laws.