By Wahida Swaleh
Date: Friday 11 Jul 2014
LONDON (ShareCast) - Rare Earth Minerals has upped its stake in Bacanora Minerals, a industrial minerals producer focused on borates and lithium in Mexico.
Ahead of planned listing on AIM by Bacanora, its joint venture partner and investee, the company said it has raised its holding to 12.14% from 11.85% previously.
The increase in shares was made through further on-market purchasing which totalled around £108,600.
As of 14:51 the share price had risen by 4.08% to 1.77p.
WS
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