Key Developments: Rare Element Resources Ltd (REE)

REE on American Stock Exchange

0.79USD
20 Apr 2015
Change (% chg)

$0.03 (+3.80%)
Prev Close
$0.76
Open
$0.75
Day's High
$0.83
Day's Low
$0.73
Volume
149,515
Avg. Vol
353,419
52-wk High
$1.47
52-wk Low
$0.24

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Latest Key Developments (Source: Significant Developments)

Rare Element Resources Ltd names Lowell A. Shonk as interim chairman as Patrick M. James steps down
Wednesday, 25 Feb 2015 05:57pm EST 

Rare Element Resources Ltd:Says that Patrick M. James, Chairman and Director since 2014, submitted his resignation to the company, effective immediately, due to personal reasons.The Board has appointed Lowell A. Shonk as interim Chairman and will reduce the size of the board from eight to seven.  Full Article

Rare Element Resources Ltd announces appointment of Patrick M. James as Chairman of the Board
Friday, 13 Jun 2014 07:30am EDT 

Rare Element Resources LtdP:Says Patrick M. James was appointed by the Company's Board to serve as Chairman, replacing Donald Ranta who, as previously announced, retired from the Board effective June 12.  Full Article

Rare Element Resources announces chairman change
Wednesday, 23 Apr 2014 05:00pm EDT 

Rare Element Resources Ltd:Donald E. Ranta, Chairman, intends to retire from the company's Board and will not stand for reelection at the company's annual general meeting in June.Appointment of Patrick Pat M. James, former President and Chief Executive Officer of Rio Algom Limited, effective April 23, 2014.  Full Article

Rare Element Resources Ltd appoints Paul H. Zink as chief financial officer
Thursday, 12 Dec 2013 07:30am EST 

Rare Element Resources Ltd:Says Paul H. Zink, has been appointed senior vice president and chief financial officer.Says David P. Suleski, the company's chief financial officer since 2011, ceased serving in that role effective Dec.11.  Full Article

Rare Element Resources Ltd Closes $8.0 Million Offering
Friday, 27 Sep 2013 05:40pm EDT 

Rare Element Resources Ltd announced that it has closed its $8.0 million offering of common shares and warrants in a registered direct offering in the United States resulting in net proceeds of approximately $7.5 million, after expenses. The purchasers in the offering hold oversubscription rights for an additional US$4.0 million in common shares and warrants for 60 days. For further detail about the offering, see the press release dated September 25, 2013. As previously disclosed, the Company sold an aggregate of 2,677,376 common shares with 1,338,688 associated warrants at a price of $2.988 per unit. The oversubscription rights are exercisable for up to a maximum of 1,606,426 additional common shares and up to a maximum 803,213 of additional warrants, depending on the market price at the time of exercise of the oversubscription rights. Proceeds from the offering will be used to advance engineering and metallurgical work as well as permitting on the Bear Lodge Project and for general corporate purposes. H.C. Wainwright & Co., LLC acted as exclusive placement agent in connection with the offering.  Full Article

Rare Element Resources Ltd Announces $8.0 Million Offering
Wednesday, 25 Sep 2013 08:29am EDT 

Rare Element Resources Ltd announced that it has received commitments from institutional investors to purchase USD8.0 million of its common shares and warrants in a registered direct offering in the United States with an additional USD4.0 million oversubscription right. The Company entered into a definitive purchase agreement with the investors pursuant to which it agreed to sell an aggregate of 2,677,376 common shares and warrants to purchase up to 1,338,688 common shares. The price for each unit, consisting of one common share and a warrant to purchase 0.5 common shares, is $2.988, representing a 10% discount to the market price defined as the closing price as of September 24, 2013. The warrants will be exercisable at a price of $4.15 per share beginning six months following issuance and will expire three years from the date of issuance. The closing of the offering is expected to take place on or about September 27, 2013, subject to the satisfaction of customary closing conditions. Proceeds from the offering will be used to advance engineering and metallurgical work as well as permitting on the Bear Lodge Project and for general corporate purposes.  Full Article

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