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Elemental deal closer

POTASH contender Elemental Minerals has indicated a proposed investment by Summit Private Equity that would see $US50 million coming the way of the ASX-listed company is moving closer to fruition.

Michael Quinn
Elemental deal closer

The two parties have signed a “non-binding term sheet and exclusivity” agreement, with the “minimum” equity injection of $50 million to be priced at A20c per share. Element shares have been around the...

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