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Elph buys into Venture Minerals

Sarah Thompson and Anthony Macdonald

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Tasmanian businessman Dale Elphinstone has taken a substantial stake in resources junior Venture Minerals as part of an institutional equity raising.

Venture raised $15 million in an institutional placement through GMP Securities, and is seeking another $2 million by way of a share purchase plan.

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Original URL: https://www.afr.com/policy/elph-buys-into-venture-minerals-20120815-ixybd