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Bacanora funder fails to deliver

Bacanora funder fails to deliver

Shares in Bacanora Minerals (BCN) rallied at the end of 2017, when the prospective lithium miner announced a placing to raise £31.2m from a cornerstone investor. For early-stage resource projects, any major capital funding feels like vindication, but Bacanora shareholders could feel especially pleased: at 94p a share, Chinese fund NextView Capital was paying the market rate.

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