Wednesday, March 21, 2012
REEI - Dump and Run?
Breakout volume today for REEI, but the price did not budge. Perhaps tonights after hours new will do the trick. News is pasted below. This is likely a promoted stock and a dump (to gain interest) and a possibly run. Worth adding to your watch list tomorrow.
REE International Enters Into Joint Venture With B.M. Gold Marketwire "Press Releases" BOSTON, MA -- (MARKET WIRE) -- 03/21/12 -- REE International, Inc. (PINKSHEETS: REEI) (the "Company"), a U.S. based mineral exploration company focused on the exploration and production of rare earth elements, today announces that it has signed a joint venture agreement with B.M. Gold , a South American mining company. B.M. Gold owns and manages substantial mining properties throughout South America , focusing primarily on the production of gold, silver, tantalum, and copper. Tom Mackay , CEO of REE International , stated, "We are excited about the prospects of this new partnership with B.M. Gold . We feel that it could be extremely lucrative and beneficial for both parties. B.M. Gold's management team has over 50 years of experience in the mining industry and their contacts in South America could prove to be invaluable." About REE International, Inc. REE International, Inc. is a U.S. based mineral exploration company seeking to identify and build an inventory of mineral properties with a primary emphasis on South America . The Company will initially focus on the exploration, mining and sale of tantalum and niobium from their Santa Cruz property located in Venezuela . For more information, please visit our website at www.reeinternational.com. Forward-Looking Statements This Press Release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements reflect the Company's current beliefs and are based upon information currently available to it. Accordingly, such forward-looking statements involve known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance or achievements to differ materially from those expressed in or implied by such statements. The Company undertakes no obligation to update or advise in the event of any change, addition or alteration to the information included in this Press Release including such forward-looking statements. Contact: Tom Mackay Chief Executive Officer Ph. (617) 372-3293 www.reeinternational.com Source: REE International, Inc.