Macarthur Minerals update

RNS Number : 9653Z

Rare Earth Minerals PLC

20 March 2017

 

Rare Earth Minerals Plc

("Rare Earth Minerals" or "REM")

Macarthur Minerals Update

Rare Earth Minerals Plc (AIM/ISDX: REM; OTC: REMMY)) is pleased to report that Macarthur Minerals ("Macarthur") in which REM currently owns a 16.56% shareholding, has announced that it has opened an Australian Securities Exchange ("ASX") IPO offer to raise up to AU$10 million.

The IPO is intended to close on 2 May 2017 and begin trading on the ASX on 17 May 2017, subject to acceptance by the ASX.

The full Macarthur announcement can be found at: http://web.tmxmoney.com/article.php?newsid=6949723577667221&qm_symbol=MMS  

ABOUT MACARTHUR MINERALS LIMITED (TSX-V: MMS)

Macarthur Minerals Limited is an exploration and development company that is focused on identifying and developing its iron ore projects and its lithium exploration interests in Australia and Nevada. Macarthur has two advanced iron ore projects in Western Australia; the Ularring hematite project and the Moonshine magnetite project.

Rare Earth Minerals plc                                                                     [phone]

Andrew Suckling

Kiran Morzaria

WH Ireland Limited (Nomad & Broker)                                           [phone]

James Joyce

James Bavister

Square1 Consulting                                                                            [phone]

David Bick

Brian Alexander

Qualified Person

Kiran Morzaria B.Eng. (ACSM), MBA, has reviewed and approved the information contained in this announcement. Kiran holds a Bachelor of Engineering (Industrial Geology) from the Camborne School of Mines and an MBA (Finance) from CASS Business School.

 

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