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BRIEF-European Metals Holdings says raises $3 mln from Rare Earth Minerals Plc

Published 03/10/2016, 09:51 am
Updated 03/10/2016, 10:00 am
© Reuters.  BRIEF-European Metals Holdings says raises $3 mln from Rare Earth Minerals Plc
EMH
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Oct 3 (Reuters) - European Metals Holdings Ltd EMH.AX :

* Asx Alert-European Metals raises $3 million from largest shareholder-EMH.AX

* Will raise $2.6 million via the issue of 5 million CDI's at an issue price of $0.52 per CDI

* Raised $3 million from its largest shareholder, Rare Earth Minerals Plc

* Funds raised will be utilised to further develop Cinovec project, complete company's preliminary feasibility study Source text for Eikon: ID:nASXbmfcm1 Further company coverage: EMH.AX

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