Business
Stmnt re Share Price Movement
Stmnt re Share Price Movement.
About this update from Cadence Minerals Plc
[{"type":"text","content":"\n \n\n\n\n\n\nRNS Number : 4566C Rare Earth Minerals PLC 07 March 2011 \n \n\n \n \n \n \nRare Earth Minerals Plc\n(\"REM\" or the \"Company\")\n \nShare price movement\n \nThe Company has noted the recent increase in its share price.\nAs announced on 29 November, the shareholders at a General Meeting approved that the Company adopt a new investment strategy and change its name from Zest Group Plc to Rare Earth Minerals Plc.\n \nThe new investment strategy allows the Company to seek to acquire a diverse portfolio of direct and indirect interests in exploration and producing rare earth minerals and/or metals projects and assets.\n \nThe Company is currently looking at a number of potential investment opportunities in line with its investment strategy. The most progressed of these is a moderate investment that if concluded would result in an investment of approximately 12% of the Company's current available funds which currently stand at approximately £400,000. However, there is no assurance that any of these opportunities will result in an investment by Company. \n \nIn addition REM is in the process of recruiting additional personnel with specific sector skills.\n \nThe Company will keep the shareholders updated as to further developments\n \n \n\n\n\n\nEnquiries\n\n\n \n\n\n \n\n\n\n\n \n\n\n \n\n\n \n\n\n\n\n\nRare Earth Minerals plc\n\nDavid Lenigas, Director \n+44 (0) 440 0640 \n\nW.H. Ireland \nJames Joyce\n+44 (0) 207 220 1666 \n\n\n \n\n\n \n\n\n\n\n \n\n\n \n\n\n \n\n\n\n\n \n\n\n \n\n\n \n\n\n\n\n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END SPMUGUMPWUPGGPM\n\n \n ","length":4234,"tagName":"div"}]