16th Feb 2015 16:51
LONDON (Alliance News) - Rare Earth Minerals PLC said Monday it has increased its interest in Bacanora Minerals Ltd shares to 13.30% from 12.65%, through further market purchases worth a total of GBP314,988.
Rare Earth had raised its interest to 12.65% last Thursday, when it also requested a meeting with shareholders of fellow London-listed Bacanora Minerals Ltd to propose that its chairman, David Lenigas, is appointed to the board of Bacanora.
Shares in Bacanora closed down 5.8% at 56.50 pence Monday, while Rare Earth Minerals closed up 1.4% at 0.908 pence.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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Related Shares:
BCN.LRare Earth Metals