leadf
logo-loader
viewProactive Group

InterMet Resources adds new substantial shareholder

intermet_resources_wa_projects_358_52943777d9f29.jpg

InterMet Resources (ASX: ITT) has received a notice of substantial shareholding from Glamour Division (The Hammer A/C), which holds a 7.75% interest in the company.

Glamour had on 29 October 2013 received 15,028,480 InterMet shares in consideration for its stake in private company Lancaster Resources, which InterMet had acquired.

This increased its total shareholding up to 18.650,980 shares.

InterMet is poised to begin exploration on the Nickel First project that formed part of the Lancaster acquisition.

This is adjacent to Rox Resources’ (ASX: RXL) Mt Fisher East nickel project and the gold bearing Mt Fisher greenstone belt.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

FTSE takes a beating with stagflation and gas price surge worries

FTSE 100 suffered a grim open due to global worries about stagflation and local concerns over gas prices. London’s leading index slumped 85 points to 6,877 in early trading. The UK government is mulling over emergency state-backed loans to energy companies as they struggle to survive with gas...

2 hours, 20 minutes ago

2 min read