Feb 12 (Reuters) - Canada Rare Earth Corp LL.V :
* CANADA RARE EARTH ENTERS INTO BINDING LOI TO PURCHASE PROPERTY IN SOUTH AMERICA
* CONSIDERATION INCLUDES US$12 MILLION PAYABLE OVER A TEN-YEAR PERIOD
Feb 12 (Reuters) - Canada Rare Earth Corp LL.V :
* CANADA RARE EARTH ENTERS INTO BINDING LOI TO PURCHASE PROPERTY IN SOUTH AMERICA
* CONSIDERATION INCLUDES US$12 MILLION PAYABLE OVER A TEN-YEAR PERIOD