Rare Earth Minerals PLC REM increases interest in European Lithium Project (4448C)
16 10월 2015 - 12:41AM
UK Regulatory
TIDMREM
RNS Number : 4448C
Rare Earth Minerals PLC
15 October 2015
15 October 2015
Rare Earth Minerals Plc.
("Rare Earth Minerals", "REM" or "the Company")
REM increases interest in significant European Lithium
Project.
London listed Rare Earth Minerals Plc (AIM: REM), is pleased to
announce that it has increased its strategic stake in one of the
most significant lithium deposits in Europe, the Cinovec deposit
("Cinovec") in the Czech Republic to 11.87% through a direct
holding in the share capital of European Metals Holdings Limited
(ASX code: EMH) ("European Metals") that owns 100 per cent of the
exploration rights to the Cinovec lithium/tin deposit.
REM acquired the additional 2.07% holding in European Metals at
a cost of GBP170,640 via a placement of 2 million new ordinary
shares by European Metals. In addition each new ordinary share
carries a one for one option exercisable at A$0.20 expiring 1 year
from the date of issue.
For full details please refer to European Metal's releases to
ASX. These can be found on its website: www.europeanmet.com.
For further information please contact:
Rare Earth Minerals plc +44 (0) 207 440 0647
David Lenigas
Kiran Morzaria
WH Ireland Limited (NOMAD & Broker) +44 (0) 207 220 1666
James Joyce
Mark Leonard
Square1 Consulting
David Bick, Mark Longson +44 (0) 207 929 5599
This information is provided by RNS
The company news service from the London Stock Exchange
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