Rare Element Resources Ltd.

100% interest - Bear Lodge property, Wyoming - One of the largest disseminated Rare Earth deposits in North America

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AGORACOM NEWS FLASH

BREAKING: Hollister Biosciences Signs Letter of Intent to Acquire Venom Extracts With $16.4 Million In Revenue And $2.48 Million EBITDA

HIGHLY ACCRETIVE $20,000,000 ACQUISITION

  • Venom is one of Arizona’s premier extract brands and one of the state’s largest producers of award-winning medical cannabis distillate and related products
  • Venom reported having generated CDN$ 16.4 million in revenue and CDN$ 2.48 million in EBIDTA from its product line of Cannabis Concentrates, P.H.O Concentrates and Cartridges

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Rare Element Resources Management

Donald E. Ranta, Ph.D., P.Geo.

President, CEO & Director

Donald Ranta is an exploration and development mining executive experienced in planning, implementing and directing successful exploration and acquisitions throughout North and South America and internationally. He is also a former president and board member of SME and is currently the Vice President, Finance and board member of AIME. He has successfully directed and led innovative exploration efforts resulting in the discovery, evaluation and/or acquisition of several major deposits including Montana's McDonald gold and Mexico's Santa Gertrudis gold ore bodies. He has also participated in the acquisition or discovery of a number of other gold deposits including Baja California's Paradones Amarillos, Idaho's Kiglore, Montana's Seven-Up Pete, Mexico's Dolores gold-silver, Burkina Faso's Youga gold and Russia's Kuranakh gold. In addition, he serves as a director of Animas Resources Ltd. and has been a Vice President of Exploration for Echo Bay Mines and Manager/Vice President for North American Exploration at Phelps Dodge Mining Company.

Mark T. Brown, B.Comm., C.A.

CFO & Director

Mark Brown is president and director of Pacific Opportunity Capital Ltd. Headquartered in Vancouver, BC, Pacific Opportunity is a financial consulting and merchant banking firm active in venture capital markets in North America. Mr. Brown is also an officer and director of a number of public and private companies, including Orphan Boy Resources, Barker Minerals, and Sutter Gold Mining. His corporate activities include transactions, financings and corporate financial planning. Prior to joining Pacific Opportunity, Mr. Browns background included managing financial departments of two TSE 300 mining corporations: Eldorado Gold and Miramar Mining.

Mr. Brown has a Bachelor of Commerce from the University of British Columbia and became a Chartered Accountant while with PriceWaterhouseCoopers.

Last changed at 21-Apr-2008 06:34PM