REM increases strategic holding in Bacanora

RNS Number : 7973P

Rare Earth Minerals PLC

10 June 2015

 



10 June 2015

Rare Earth Minerals Plc.

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

REM increases strategic holding in Bacanora Minerals to 16.41%

Rare Earth Minerals (AIM: REM) announces that it has now increased its shareholding in Bacanora Minerals Limited ("Bacanora"), from 15.93% to 16.41% through further market purchases totalling £388,308.

This interest, when aggregated with REM's 30% direct interest in Megalit S.A de CV (the company holding the Beunavista, Megalit and San Gabriel concessions) and the 30% direct interest in Mexelit 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 41.49%.

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For further information please contact: 

Rare Earth Minerals plc                                                                         [phone]

Donald Strang/Andrew Suckling

WH Ireland Limited (NOMAD & Broker)                                               [phone]

James Joyce

Mark Leonard

Square1 Consulting

David Bick, Mark Longson                                                                       [phone]

 

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