PERTH, Australia, Nov. 28, 2012 /CNW/ - Elemental Minerals Ltd (ASX,TSX: ELM) ("Elemental" or "the Company") is pleased to announce that it has today completed the private placement offering of ordinary shares announced on 20 November 2012 (the "Placement").
The Placement of 36,542,142 new fully paid ordinary shares at A$0.385 per share has been made within Elemental's 15% placement capacity under the ASX Listing Rules.
The Placement was undertaken on a combined non-underwritten brokered basis with BMO Capital Markets, Renaissance Securities (Cyprus) Limited and National Bank Financial Inc.
An appendix 3B and notice under section 708A(5)(e) of the Corporations Act are attached with respect to the issue.
About Elemental Minerals
Elemental Minerals Limited is an advanced mining exploration and development company that aims to grow shareholder value through its 93%-owned Sintoukola Potash Project on the Republic of Congo coastline. Elemental Minerals is dual listed on the Australian Stock Exchange and the Toronto Stock Exchange under the symbol ELM. For more information, visit www.elementalminerals.com
SOURCE: Elemental Minerals Limited
For further information:
Chief Executive Officer
Tel: +27 (0) 76 238 4461
Tel: +27 (0) 82 445 5291
Investor Relations Manager
Tel: +27 (0) 83 604 0820
Johannesburg Office: +27 11 469 9140