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BRIEF-Canada Rare Earth acquires assets of CEC Rare Earth

Published 2015-09-02, 02:12 p/m
© Reuters.  BRIEF-Canada Rare Earth acquires assets of CEC Rare Earth
LL
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Sept 2 (Reuters) - Canada Rare Earth Corp LL.V :
* Acquires additional capabilities, expertise and relationships to Process Rare
Earths
* Entered into an agreement dated September 1 to acquire the assets of CEC Rare
Earth Corp
* As part of deal, REC's management will be engaged as consultants to Canada
Rare Earth
* Says 24,178,000 common shares to be issued by the company, subject to an
escrow agreement
* As part of deal REC will no longer be directly involved in the rare earth
industry
* Says shares will be released from escrow over 18 months after issuance

* Source text for Eikon ID:nMKWXKbcxa

* Further company coverage LL.V

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