Stmnt re Share Price Movement
Rare Earth Minerals Plc
("REM" or the "Company")
Share price movement
The Company has noted the recent increase in its share price.
As announced on 29 November, the shareholders at a General Meeting approved that the Company adopt a new investment strategy and change its name from Zest Group Plc to Rare Earth Minerals Plc.
The new investment strategy allows the Company to seek to acquire a diverse portfolio of direct and indirect interests in exploration and producing rare earth minerals and/or metals projects and assets.
The Company is currently looking at a number of potential investment opportunities in line with its investment strategy. The most progressed of these is a moderate investment that if concluded would result in an investment of approximately 12% of the Company's current available funds which currently stand at approximately £400,000. However, there is no assurance that any of these opportunities will result in an investment by Company.
In addition REM is in the process of recruiting additional personnel with specific sector skills.
The Company will keep the shareholders updated as to further developments
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Enquiries |
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Rare Earth Minerals plc David Lenigas, Director +44 (0) 440 0640 W.H. Ireland James Joyce +44 (0) 207 220 1666 |
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This information is provided by RNS