12th Feb 2015 18:17
LONDON (Alliance News) - Rare Earth Minerals PLC Thursday said it has upped its shareholding in Bacanora Minerals Ltd to 12.65% from 12% through buying shares worth GBP275,619 on the market.
"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 38.86%," Rare Earth Minerals said in a statement.
Rare Earth Minerals shares closed up 0.5% at 0.869 pence on Thursday.
By Samuel Agini; [email protected]; @samuelagini
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