The Company is pleased to announce that it has raised £25,000 of new equity by the issue of 25,000,000 new Ordinary shares of £0.0005 at a price of 0.1 pence per share.
In addition and in accordance with an agreement concluded with the Company’s corporate adviser, Peterhouse Corporate Finance Limited, the Company announces the issue on 28 December 2012 of 4,000,000 new Ordinary shares of £0.0005 per share at a price of 0.1 pence per share in satisfaction of charges for services rendered.
As a result the Directors’ interests and those of companies with which they are associated are as follows:
- Mr Frederick Bell 10,000,000 2.30%
- Mr Shaun Coleman Dowling 16,428,888 3.77%
- Mr John Watkins 15,950,000 3.66%
- Guild Acquisitions plc 5,000,000 1.15%
- Starvest plc 35,400,000 8.13%
The total number of shares now in issue is 435,561,605. This figure 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 change to their interest in, the Company under the FSA's Disclosure and Transparency Rules.
The Directors of the Issuer accept responsibility for this announcement.
Rare Earths and Metals plc
Tel: 0755 4872 794
Tel: 01483 771992
Peterhouse Corporate Finance Limited Fungai Ndoro and Eran Zucker
Tel: 020 7469 0934