RAREMETHOD BUYS QUARTER OF IDEA MACHINE
By Adnews Staff
Calgary-based RareMethod Capital has completed its acquisition of a 25% interest in Idea Machine, also of Calgary. The deal has been in the works since January. In exchange for one-quarter of its issued and outstanding shares, Idea Machine received 666,463 RareMethod common shares. The firm is entitled to additional shares up to 833,537 if it meets certain revenue targets. RareMethod's stock closed at $0.05 per share yesterday. 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 marketing and Web development agency.
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