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!