EDITOR: | November 1st, 2013

Rare Earth Minerals PLC: Exercise of Warrants and Options

| November 01, 2013 | No Comments
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November 1, 2013 (Source: Rare Earth Minerals PLC) — Rare Earth Minerals plc (AIM: REM) the rare earth minerals and metals projects investment company announces that it has received notices of the exercise of warrants and options (the “Exercise”) to subscribe for a total of 52,333,334 new ordinary shares of 0.01 pence each in the Company (the “New Ordinary Shares”). The exercise price of these warrants and options is 0.06 pence each.

Application will be made to the London Stock Exchange for the New Ordinary Shares to be admitted to trading on AIM (“Admission”). The New Ordinary Shares will rank pari passu with the existing ordinary shares in the Company and Admission is expected to commence on 8 November 2013.

Following Admission, the Company’s enlarged issued share capital will comprise 3,985,952,383 ordinary shares. The Company does not hold any shares in treasury. This figure of 3,985,952,383 ordinary shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA’s Disclosure and Transparency Rules.


Raj Shah

Editor:

Raj Shah has professional experience working for over a half a dozen years at financial firms such as Merrill Lynch and First Allied Securities Inc., ... <Read more about Raj Shah>


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