Nov 16 (Reuters) - Bacanora Minerals Ltd BCN.V :
* Has raised about US$13.4 million via placing of 11.5 million new common
shares at a price of 77 pence per share
* Says funds raised will be used to advance the company's sonora lithium
project in Mexico
* Proceeds will also be used to facilitate upgrade and continuous running of
co's operational pilot plant in hermosillo
* Source text for Eikon
* Further company coverage BCN.V