Exercise of Warrants

RNS Number : 6368H

Rare Earth Minerals PLC

21 May 2014

 



21 May 2014

Rare Earth Minerals plc

(the "Company")

Exercise of Warrants

Rare Earth Minerals plc (AIM: REM) the rare earth minerals and metals projects investment company announces that it has received a notice of the exercise of warrants (the "Exercise") to subscribe for a total of 6,000,001 new ordinary shares in the Company (the "New Ordinary Shares"). The exercise price of these options is 0.06 pence each.

Application will be made to the London Stock Exchange for the New Ordinary Shares to be admitted to trading on AIM ("Admission"). The New Ordinary Shares will rank pari passu with the existing ordinary shares in the Company and Admission is expected to commence on 27 May 2014.

Following Admission, the Company's enlarged issued share capital will comprise 5,193,952,384 ordinary shares. The Company does not hold any shares in treasury. This figure of 5,193,952,384 ordinary shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

For further information please contact:

Rare Earth Minerals plc
David Lenigas	[phone]
WH Ireland Limited
James Joyce	[phone]
Nick Field

 

END

 

 

IOEEAFSEADXLEAF