Jervois supports Elementos raising

June 28, 2017

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ASX-listed junior Elementos will raise up to A$2-million through a share placement and non-renounceable rights issue to fund work at the Cleveland tin, copper and tungsten project, in Tasmania.

Fellow-listed Jervois Mining on Thursday revealed that it would invest some A$480 000 in Elementos in return for 80-million shares and a further 80-million options, which could give the company a 10.3% stake in Elementos if fully exercised.

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