Update re. Bacanora Minerals

RNS Number : 1197M

Rare Earth Minerals PLC

11 July 2014

 



11 July 2014

Rare Earth Minerals Plc

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

Update re. Bacanora Minerals

Rare Earth Minerals (AIM: REM) notes the publication of a Schedule One announcement by the London Stock Exchange in relation to a proposed admission to trading on AIM of Bacanora Minerals Limited ("Bacanora") (the "Schedule One"), the Company's joint venture partner and investee.

The Company also announces that its current interest in Bacanora, prior to its proposed AIM admission, is 7,742,000 ordinary shares, being 12.14% of the issued share capital of Bacanora, an increase of 0.29% from the previously reported 11.85% made through further on-market purchases totalling £108,600.

The Schedule One referred to in this announcement is available from http://www.londonstockexchange.com.

- Ends -

For further information please contact:

Rare Earth Minerals plc                                                                        [phone]

David Lenigas

Kiran Morzaria

WH Ireland Limited (NOMAD & Joint Broker)                                    [phone]

James Joyce

Nick Field

Hume Capital plc (Joint Broker)                                                          [phone]

Guy Peters

Jon Belliss

Square1 Consulting

David Bick                                                                                                [phone]

Mark Longson

 

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