Elemental Minerals Ltd, Dingyi Group Entering Negotiations

Elemental Minerals Ltd. (ASX:ELM, TSX:ELM) reported that Dingyi Group Investment Limited has completed their due diligence and that they are proceeding with negotiations.

As quoted in the press release:

The Board of Elemental looks forward to continuing to work closely with Dingyi over the coming weeks to progress the Proposal.  The market will be kept informed of developments and the Board remains committed to optimising value for shareholders and will continue to act in their best interests as the negotiations progress. There can be no guarantee that these negotiations will result in a binding transaction.

To view the whole press release, click here.