Trading Symbol: RTX - (TSX.V)
VANCOUVER, April 18, 2013 /CNW/ - Rara Terra Minerals Corp. ("Rara Terra") announces that it has given notice to vendor American Manganese Inc. (TSX-V: AMY) to terminate Rara Terra's option to acquire up to a 60-per-cent interest in the Lonnie property located near Manson Creek, British Columbia, pursuant to a property option agreement dated January 31, 2011.
Management's decision to discontinue the Lonnie option agreement was based on exploration results at the Lonnie property only revealing light rare earth element mineralization with little or no heavy rare earth mineralization. Interested parties can review the Lonnie property exploration results that were summarized in a News Release dated March 27, 2012.
Rara Terra continues to hold the 100-per-cent-owned Xeno mineral claims in Northern British Columbia and a 75% working interest before payout in an oil and gas exploration and development prospect in Trego County, Kansas.
ON BEHALF OF THE BOARD
RARA TERRA MINERALS CORP.
Per: "Alexander Helmel"
CEO and Director
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
SOURCE: Rara Terra Minerals Corp.
For further information:
Rara Terra Minerals Corp.
Phone: (604) 562-6915