REM increases strategic holding in Bacanora

RNS Number : 7272J

Rare Earth Minerals PLC

09 April 2015

 



9 April 2015

Rare Earth Minerals Plc.

("Rare Earth Minerals", "REM" or "the Company")

REM increases strategic holding in Bacanora Minerals to 15.40%

Rare Earth Minerals (AIM: REM) announces that it has now increased its shareholding in Bacanora Minerals Limited ("Bacanora"), from 15.02% to 15.40% through further market purchases totalling £305,394.

This interest, when aggregated with REM's 30% direct interest in Megalit S.A de CV (the company holding the Buenavista, Megalit and San Gabriel concessions) and the 30% direct interest in Mexalit 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 40.78%.

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For further information please contact: 

Rare Earth Minerals plc                                                                         [phone]

Donald Strang

WH Ireland Limited (NOMAD & Broker)                                               [phone]

James Joyce

Mark Leonard

Square1 Consulting

David Bick, Mark Longson                                                                       [phone]

 

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