REM increases strategic holding in Bacanora

RNS Number : 0482F

Rare Earth Minerals PLC

16 February 2015

 



16 February 2015

Rare Earth Minerals Plc.

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

REM increases strategic holding in Bacanora Minerals to 13.30%

Rare Earth Minerals (AIM: REM) announces that it has now increased its shareholding in Bacanora Minerals Limited ("Bacanora"), from 12.65% to 13.30% through further market purchases totaling £314,988.

This interest, when aggregated with REM's 30% direct interest in Megalit S.A de CV (the company holding the Buenavista, Megalit and San Gabriel concessions) and the 30% direct interest in Mexalit S.A de CV (the company holding El Sauz, El Sauz 1, El Sauz 2, Fleur and Fleur 1 concessions), results in a total economic interest in each of these companies of 39.31%.

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For further information please contact: 

Rare Earth Minerals plc                                                               [phone]

David Lenigas

Kiran Morzaria

WH Ireland Limited (NOMAD & Broker)                                    [phone]

James Joyce

Mark Leonard

Square1 Consulting

David Bick                                                                                      [phone]

Mark Longson

 

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