CANADA RARE EARTH CORP. ("LL")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: October 1, 2013
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing an Agreement dated September 25, 2013 (the "Agreement") between Canada Rare Earth Corp. (the "Company") and VCS Mining, Inc. ("VCS") and Delta Societe Miniere S.A. ("Delta"), whereby the Company has agreed to acquire an initial 15% interest in Delta, a subsidiary of VCS, together with certain other rights to part of the Morne Bossa Property in Northern Haiti. In consideration, the Company will purchase 2,348,147 shares of VCS for US$1.1 million (the "Investment"). Pursuant to the Agreement, the Investment also constitutes a pre-payment of the initial 25 year term of the lease.
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