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InterMet Resources adds new substantial shareholder

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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.

 

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