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RARE EARTH METALS CORP INCREASES FINANCING;
DECEMBER 15, 2006 CLOSING DATE
12/4/06
Vancouver, British Columbia, Canada. December 4, 2006. Rare Earth Metals Corp
(REM - TSX-V) (the “Company”) is pleased to announce that further to the
announcement dated October 30, 2006, the Company, on a non-brokered basis, plans
to raise an increased amount of up to $750,000 through the issuance of 7,500,000
units at a price of $0.10 per unit, each unit consisting of one common share and
one share purchase warrant. Each warrant entitles the holder thereof to purchase
one common share of the Company at a price of $0.15 for a period of one year
from closing. A finder’s fee of up to 8%, payable in cash and/or units may be
paid in conjunction with all or parts of the financing.
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 and for general working capital purposes. The financing is subject to
acceptance by the TSX Venture Exchange.
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
The TSX Venture Exchange does not accept responsibility for the adequacy or
accuracy of this News Release
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