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InterMet Resources adds another substantial shareholder

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InterMet Resources (ASX: ITT) has received a notice of substantial shareholding from Vivienne Jagger, who owns a 12.87% interest in the company.

This follows the addition yesterday of Glamour Division (The Hammer A/C) as a substantial shareholder with 18.650,980 shares, or a 7.75% stake.

Jagger had on 29 October 2013 received 15,544,435 shares in InterMet as consideration for Jagger’s shares in private company Lancaster Resources, which InterMet had acquired.

This increased Jagger’s total shareholding to 30,958,185 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.

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