BRIEF-Canada Rare Earth to buy rare earth separation refinery in Laos

Mon May 9, 2016 1:27pm EDT
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May 9 (Reuters) - Canada Rare Earth Corp:

* To purchase 60% of issued and outstanding shares of a company based in Laos

* To purchase a rare earth separation refinery situated in Laos

* As additional consideration, co to grant warrant to owner of LaosCo to purchase up to 40 million shares of co for C$0.25 per share Source text for Eikon: Further company coverage: