REM increases strategic holding in Bacanora

RNS Number : 8086E

Rare Earth Minerals PLC

12 February 2015

 



Rare Earth Minerals Plc.

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

REM increases strategic holding in Bacanora Minerals to 12.65%

Rare Earth Minerals (AIM: REM) announces that it has now increased its shareholding in Bacanora Minerals Limited ("Bacanora"), from 12% to 12.65% through further market purchases totaling £275,619.

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 38.86%.

- Ends -

For further information please contact: 

Rare Earth Minerals plc                                                          [phone]

David Lenigas

Kiran Morzaria

WH Ireland Limited (NOMAD & Broker)                                    [phone]

James Joyce

Mark Leonard

Square1 Consulting

David Bick                                                                                 [phone]

Mark Longson

 

END

 

 

MSCPKBDKFBKDCBD