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Bullboard - Stock Discussion Forum NAMIBIA RARE EARTHS INC V.NRE

"Namibia Rare Earths Inc is engaged in the business of exploration and development of rare earth properties in Namibia. The company holds an interest in the Lofdal Rare Earths Project, which covers an area of more than 400 square kilometers located to the northwest of the town of Khorixas in the Kunene Region of north-western Namibia. It primarily explores for rare and precious metals and... see more

TSXV:NRE - Post Discussion

NAMIBIA RARE EARTHS INC > The cadaver moved!
View:
Post by theCurse on Nov 10, 2017 10:06am

The cadaver moved!

Agrees to Acquire Portfolio of Critical  Metal Properties in Namibia

HALIFAX, Nov. 10, 2017 /CNW/ - Namibia Rare Earths Inc. ("Namibia Rare Earths" or the "Company") (TSXV: NRE) today announced it has entered into an agreement ("Agreement") to acquire a portfolio of critical metal properties (the "Properties") from Gecko Namibia (Pty) Ltd. ("Gecko Namibia") in consideration for the issuance of 64,000,000 common shares of Namibia Rare Earths ("Property Acquisition").

In conjunction with the acquisition, Gecko Namibia and Gerald J. McConnell, Chair of the Board of Namibia Rare Earths, have each agreed to complete a private placement with the Company in the amount of $250,000 at $0.05 per share for total gross proceeds to the Company of $500,000 ("Private Placement"). A total of 10,000,000 common shares of Namibia Rare Earths will be issued pursuant to the Private Placement. The Private Placement is subject to the approval of the TSXV.

Just give me one more pump from that little short one.

tC


https://www.newswire.ca/news-releases/namibia-rare-earths-inc-agrees-to-acquire-portfolio-of-critical-metal-properties-in-namibia-656609853.html
Comment by Bluebirds on Nov 14, 2017 9:51am
Anyone know when trading will resume? Many thanks, and GLTA!
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