Update on Further Investment in Cinovec Project

RNS Number : 0506Q

Rare Earth Minerals PLC

24 November 2016

 

Rare Earth Minerals Plc

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

Update on Further Investment in the Cinovec Lithium-Tin Project

On  3 October 2016 the Company announced a further investment in European Metals Holdings Limited ("EMH") by way of a placing of AUD 2.6 million. The placing was subject to approval by EMH shareholders at its Annual General Meeting which was given on 18 November 2016. The 5,000,000 Chess Depository Interests have now been admitted to trading on AIM and subsequently REM's holding in EMH is now 20.76 per cent.

- Ends -

For further information, please contact: 

Rare Earth Minerals plc

Andrew Suckling                                                                                                                           [phone]

Kiran Morzaria                                                                                                                 

WH Ireland Limited (NOMAD & Broker)                                                                             [phone]

James Joyce

James Bavister

Square1 Consulting                                                                                                                     [phone]

David Bick

Brian Alexander

 

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