RAREMETHOD TO BUY IDEA MACHINE
By Adnews Staff
Calgary-based RareMethod Capital intends to acquire a 25% interest in Idea Machine, also of Calgary. The all-stock deal is subject to certain conditions and approvals. RareMethod offers sales and marketing data analysis, email marketing through its MethodMail division, Web and online applications development, CD-ROM design as well as audio and video production. Idea Machine is a privately-owned digital creative agency. According to its Letter of Intent, RareMethod will issue approximately 800,000 common shares on closing and up to an additional 500,000 common shares once Idea Machine reaches established revenue targets.
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