Day: October 5, 2016

“Bacanora’s last reported cash position was circa CAD30 million and these extra funds further bolster our strong cash resources, which are more than enough to see us through to the end of our feasibility study and offtake discussions,” said Interim Chairman James Leahy.Canadian and London listed Bacanora said an unnamed institutional shareholder had exercised a warrant option for 2.9 million new shares at a price of CAD1.47 each, following which it will have a total of 110.8 million shares in issue.

Baja Mining Corp. wishes to announce that further to the approval received from shareholders of the Company at the annual and special meeting held on December 16, 2015, and as described in more detail in the management information circular of the Company dated November 4, 2015, based on market conditions and other factors the board of directors of the Company has authorized a consolidation of the issued and outstanding common shares of the Company on the basis of one post-consolidation Common Share for every twenty pre-consolidation Common Shares. In connection with the Consolidation, the Board has also decided to change the Company’s name from “Baja Mining Corp.” to “Camrova Resources Inc.”.