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OCN — Oceana Metals News Story

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Brief: Oceana Metals Acquires Global-Scale Rare Earths Project In Brazil

April 28 (Reuters) - Oceana Metals Ltd OCN.AX:

OCEANA ACQUIRES GLOBAL-SCALE RARE EARTHS PROJECT IN BRAZIL

ENTERS AGREEMENT TO BUY 100% OF SERRA NEGRA PROJECT IN BRAZIL

TO PAY UP TO US$10.3 MILLION PLUS 2.5% NET SMELTER ROYALTY FOR PROJECT

RECEIVES FIRM COMMITMENTS FOR A$20 MILLION SHARE PLACEMENT

PLACEMENT AT PRICE OF A$0.36 PER NEW SHARE

Further company coverage: OCN.AX

 ((Reuters.Briefs@thomsonreuters.com;))

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