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