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Elemental Minerals gains Harlequin Investments as a major investor

Last updated: 23:46 02 Dec 2012 GMT, First published: 00:46 03 Dec 2012 GMT

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Elemental Minerals (ASX: ELM, TSX: ELM) has received an initial substantial shareholder notice from Harlequin Investmements Limited on 28 November 2012.

It holds 19.7 million shares equivalent to 7.032% of the company.  Most recently it acquired 9.4 million fully paid shares at a price of $3.62 million of $0.38 per share.

Elemental undertook a placement and SPP at $0.385 per share to raise $14 million.

Elemental is advancing its 93%-owned Sintoukola Potash Project on the Republic of Congo coastline.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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