12th Feb 2015 08:00
LONDON (Alliance News) - Rare Earth Minerals PLC Thursday said it has requested a meeting with shareholders of fellow listed Bacanora Minerals Ltd to propose that its Chairman, David Lenigas, is appointed to the board of Bacanora.
Rare Earth Minerals owns a 12% stake in Bacanora and has served notice to the board of Bacanora to requisition a meeting of Bacanora shareholders to vote whether Lenigas should be elected as a Bacanora director.
Bacanora must set a meeting date within 21 days of receiving the request from Rare Earth.
In addition, Bacanora said it has identified several candidates to fill its vacant chief executive role, and said it was "very pleased with the quality of potential candidates."
By Joshua Warner; [email protected]; @JoshAlliance
Copyright 2015 Alliance News Limited. All Rights Reserved.
Related Shares:
BCN.LRare Earth Metals