The Company is subject, among other laws and regulations, to instruments published by relevant Canadian securities regulators. One such instrument, NI 58-101, prescribes certain disclosure by the Company of its corporate governance practices and NP 58-201, provides non-prescriptive guidelines on corporate governance practices for reporting issuers such as the Company. This section sets out the Company’s approach to corporate governance and addresses the Company’s compliance with NI 58-101 and NP 58-201.
As a result of its listing on the TSX-V and being a reporting issuer in the Canadian provinces of Alberta, British Columbia and Saskatchewan, the Company has established corporate governance practices and procedures appropriate for a publicly listed company of its size and stage. The Company complies with relevant Canadian corporate governance standards to the extent that the Directors reasonably consider appropriate for a company of Bacanora Minerals’s size and type. In particular, the Company has established and properly constituted an Audit Committee and a Remuneration Committee.