Rare Earth Minerals Plc
("Rare Earth Minerals" or "REM")
Exercise of Warrants and Issue of Equity
Rare Earth Minerals Plc (AIM: REM; OTC: REMMY)) announces that the Company has received notification from warrant holders to exercise warrants over 1,250,000 ordinary shares in the Company at an exercise price of 0.8p per share, providing the Company with gross proceeds of £10,000.
Application will be made to the London Stock Exchange to admit the 1,250,000 new ordinary shares to trading on AIM. Admission of the new ordinary shares is expected to occur on or around 14 September 2016. The new ordinary shares will rank pari passu with the existing ordinary shares.
For the purpose of the Disclosure and Transparency Rules, following the issue of shares detailed above the enlarged issued share capital of the Company will comprise 7,480,097,378 ordinary shares with no Ordinary Shares held in treasury. Therefore the above figure of 7,480,097,378 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in Rare Earth Minerals under the FCA's Disclosure and Transparency Rules.
For further information, please contact:
Rare Earth Minerals plc +44 (0) 207 440 0647
WH Ireland Limited (Nomad & Broker) +44 (0) 207 220 1666
Square1 Consulting +44 (0) 207 929 5599
This information is provided by RNS