Statement re: JV Partner Trading Halt in Canada

RNS Number : 6632M

Rare Earth Minerals PLC

28 August 2013

 



28 August 2013

Rare Earth minerals plc

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

Statement re: Mexico Lithium Project JV Partner Trading Halt in Canada

Rare Earth Minerals plc (AIM: REM) advises that's its JV partner in the Fleur - El Sauz Lithium Project in northern Mexico, Bacanora Mineral Ltd ("Bacanora") have this morning requested a Trading Halt of their shares on the Canadian Exchange.

Bacanora's Release states:

VANCOUVER, Aug. 28, 2013 /CNW/ - The following issues have been halted by IIROC:

Company: Bacanora Minerals Ltd.

TSX-Venture Symbol: BCN

Reason: At the Request of the Company Pending News

Halt Time (ET): 8:08 AM ET

The Investment Industry Regulatory Organization of Canada (IIROC) can make a decision to impose a temporary suspension of trading in a security of a publicly listed company, usually in anticipation of a material news announcement by the company. Trading halts are issued based on the principle that all investors should have the same timely access to important company information. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.

For further information please contact:     

Rare Earth Minerals Plc                                                              www.rareearthmineralsplc.com 

David Lenigas, Chairman                                                           

[phone]                                                                

 NOMAD - WH Ireland

James Joyce/Nick Field

[phone]

PR - Pelham Bell Pottinger

Charlie Vivian/ Weston Macklem

[phone]

 

END

 

 

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