PERTH, Australia, Dec. 18, 2013 /CNW/ - Elemental Minerals Ltd (ASX, TSX: ELM) ("Elemental" or the "Company") provides the following update on the off-market takeover offer for all of the fully-paid ordinary shares of Elemental ("Dingyi Offer") by Dingyi Group Investment Limited ("Dingyi"), a company incorporated in Bermuda and listed on The Stock Exchange of Hong Kong Limited ("SEHK").
Elemental notes the announcement made by Dingyi to the SEHK referring to a decision by the SEHK regarding the classification of the Dingyi Offer under the rules of the SEHK. The Company is currently considering the implications of this announcement and discussing its impact with Dingyi on the Dingyi Offer. The Company will update shareholders on these issues in due course.
Until such time, the Company will remain in trading halt on ASX.
-ENDS-
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
About Dingyi Group Investment
Dingyi Group Investment Limited is a company incorporated in Bermuda and listed on the Hong Kong Stock Exchange. Dingyi is an investment company with interests based primarily in Hong Kong and Mainland China. Dingyi is a company controlled by Mr. Li Kwong Yuk, a Chinese entrepreneur. Mr. Li also controls a number of other substantial Mainland Chinese and international business interests in sectors including infrastructure, real estate, financial institutions and natural resource, among others. http://www.dingyi.hk/
SOURCE Elemental Minerals Limited
Contacts
Mr Sam Middlemas
Non-Executive Chairman
Tel: +61 (419) 936 040
sam.middlemas@elementalmineralsltd.com
Mr Glenn Gatcliffe
Managing Director - BMO Capital Markets
Tel: +1 (416) 359 7048
glenn.gatcliffe@bmo.com