Rare Earth Minerals PLC REM increases strategic holding in Bacanora (7724X)
02 September 2015 - 8:00AM
UK Regulatory
TIDMREM
RNS Number : 7724X
Rare Earth Minerals PLC
02 September 2015
02 September 2015
Rare Earth Minerals Plc.
("Rare Earth Minerals", "REM" or "the Company")
REM increases strategic holding in Bacanora Minerals to
16.8%
Rare Earth Minerals (AIM: REM) announces that it has now
increased its shareholding in Bacanora Minerals Limited
("Bacanora"), from 16.4% to 16.8% through further market purchases
totalling GBP324,530.
This interest, when aggregated with REM's 30% direct interest in
Megalit S.A de CV (the company holding the Beunavista, Megalit and
San Gabriel concessions) and the 30% direct interest in Mexelit S.A
de CV (the company holding El Sauz, El Sauz 1, El Sauz 2, Fleur and
Fleur 1 concessions), results in a total economic interest in each
of these companies of 41.75%.
- Ends -
For further information please contact:
Rare Earth Minerals plc +44 (0) 207 440 0647
Donald Strang/Andrew Suckling
WH Ireland Limited (NOMAD & Broker) +44 (0) 207 220 1666
James Joyce
Mark Leonard
Square1 Consulting
David Bick, Mark Longson +44 (0) 207 929 5599
This information is provided by RNS
The company news service from the London Stock Exchange
END
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