LONDON (Alliance News) – Rare Earth Minerals PLC Wednesday said it has upped its stake in Bacanora Minerals Ltd to 16.41% from 15.93% after buying GBP388,308 worth of shares.
Shares in Rare Earth Minerals were up 1.0% at 0.980 pence on Wednesday, while Bacanora shares were up 2.3% at 90.25p."This interest, when aggregated with REM's 30% direct interest in Megalit S.A de CV (the company holding the Beunavista, Megalit and San Gabriel concessions) and the 30% direct interest in Mexelit 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 41.49%," Rare Earth Minerals said.
By Samuel Agini; [email protected]; @samuelagini
Original Article: http://www.lse.co.uk/AllNews.asp?code=ljtuzuaq&headline=Rare_Earth_Minerals_Ups_Stake_In_Bacanora_Minerals
