http://www.rareearthmineralsplc.com/index.php?cID=287&id=13451600

Rare Earth Mineral Plc (AIM: REM; OTC: REMMY) has agreed to acquire a further 4.5 million existing ordinary shares in Bacanora Minerals Ltd for a consideration of £4.5 million [via an on market transaction]. Completion is due by the end of the month.

 Once this acquisition complete REM will own a direct interest of 19.8% of Bacanora. REM holds joint joint venture interests of 30% in each of Mexalit S.A. de CV (“Mexalit”) and Megalit S.A. de CV (“Megalit”) as fully described below.