26th Aug 2016 07:35
LONDON (Alliance News) - Rare Earth Minerals PLC on Friday said it has issued 17.6 million shares following a warrants exercise.
The company said it has issued the shares to a number of warrant holders at 0.80 pence per share raising gross proceeds of GBP140,594. Shares in Rare Earth Minerals were up 6.2% at 0.839p on Friday morning.
The new shares are expected to be admitted to trading next Thursday.
By Hannah Boland; [email protected]; @Hannaheboland
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