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InterMet Resources to finalise acquisition

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InterMet Resources’ (ASX: ITT) shares have been placed in pre-open after it was granted an ASX trading halt in relation to an acquisition.

The halt will last until the earlier of the announcement being made or the commencement of trade on Friday, 23 May 2014.

It had noted that it is in the process of finalising the acquisition and expects to make an announcement on 22 May.

InterMet had in April signed an exclusive option agreement to acquire U.S. based online recruitment platform 1-Page.

The 1-Page platform revolutionises the way corporations identify and recruit top talent, providing significant improvements in time, cost and retention rates particularly for companies with large staffing requirements.

 

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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