Rare Element Resources (REE) gains on new agreement with investor

Rare Element Resources Ltd. (NYSE MKT: REE) shares took on 3.8% to 82 cents, after it entered into a definitive purchase agreement with a single institutional investor pursuant to which it agreed to sell an aggregate of 5,230,770 common shares and warrants to purchase up to 2,615,385 common shares in a registered direct offering. Share volume was 369,000