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    Namibia Rare Earths Closes Initial Public Offering

    Investing News Network
    Apr. 14, 2011 07:26AM PST
    Rare Earth Investing

    Namibia Rare Earths announced it has closed its IPO and is now listed on the Toronto Stock Exchange. The press release is quoted as saying: Namibia Rare Earths has granted the Agents an over-allotment option to purchase, within the next 30 days, an additional 4,687,500 common shares at a price of $0.80 per share to cover the Agents’ […]

    Namibia Rare Earths announced it has closed its IPO and is now listed on the Toronto Stock Exchange.

    The press release is quoted as saying:

    Namibia Rare Earths has granted the Agents an over-allotment option to purchase, within the next 30 days, an additional 4,687,500 common shares at a price of $0.80 per share to cover the Agents’ over allocation and for market stabilization.

    To read the full press release, click here.

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