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Elemental Minerals Gains Harlequin Investments As A Major Investor

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.

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