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ELEMENTOS LIMITED — Capital/Financing Update 2013
Jul 31, 2013
64837_rns_2013-07-31_f2277f1f-763c-4040-97bc-5f337d717c92.pdf
Capital/Financing Update
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01 AUGUST 2013
PRIVATE PLACEMENT TO FUND CLEVELAND PROJECT SCOPING STUDY
Elementos Limited (ASX: ELT) (“Elementos” or the “Company”) is pleased to announce that it has completed a $250,000 private placement. The placement, to a sophisticated investor, was completed under Elementos’ 15% share placement capacity (Listing Rule 7.1). The price was 1.5 cents per share, equal to the last sale price. No brokerage or investment advisor fees are payable in connection with the placement.
The new funds will be applied to completing a scoping study (identifying the optimal development scenarios for the tin-copper resource including capital and operating costs), and completing the environmental approvals for the mine dewatering and tailings removal.
In total, on a combined basis, Elementos and Rockwell Minerals Ltd have raised over $750,000 in the last month, to fund the completion of the merger and advancement of the Cleveland project.
For more information please contact:
Corey Nolan Managing Director Phone: +61 (7) 3221 7770 Email: [email protected]
Elementos is an Australian, ASX-listed, copper and gold exploration company, with projects in Argentina, Chile and Australia. The properties are all in mineral rich, highly prospective provinces, with developed infrastructure nearby.
Please visit us at www.elementos.com.au
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