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RARE EARTH METALS CORP. ANNOUNCES 2,000,000 unit FINANCING
4/3/06
Vancouver , British Columbia , Canada . April 3, 2006 . Rare Earth Metals Corp
(REM - TSX -V) (the “Company”) proposes, on a non-brokered basis, to raise up to
$370,000 by the issuance of 1,000,000 units at a price of $0.17 per unit (the
“17c Unit”) and 1,000,000 units at a price of $0.20 per unit (the “20c Unit”).
Each 17c Unit will consist of one common share and one share purchase warrant,
with each warrant entitling the holder thereof to purchase one common share of
the Company at a price of $0.25 for a period of one year from closing.
Each 20c Unit will consist of one flow through common share and one non-flow
through share purchase warrant, with each warrant entitling the holder thereof
to purchase one common share of the Company at a price of $0.28 for a period of
one year from closing.
Finder’s fees of up to 8% in cash or shares, or a combination of both, may be
paid in conjunction with this placement and in accordance with the TSX Venture
Exchange policies.
Proceeds from this financing will be used for exploration activities on the
Company’s Manitoba VMS (copper zinc) properties in the Flin Flon-Snow Lake VMS
belt. This financing is subject to regulatory approval.
For more information call (604) 986-2020 or toll free 1-866-816-0118, or visit
www.rareearthmetals.net.
On Behalf of the Board of Directors,
Rare Earth Metals Corp
Richard Mark
CEO
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