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BRIEF-Ardent Resources to acquire 100% of issued capital of IOT Group

Published 22/09/2015, 11:15 am
© Reuters.  BRIEF-Ardent Resources to acquire 100% of issued capital of IOT Group

Sept 22 (Reuters) - Ardent Resources Limited:

* Executed a conditional agreement to acquire 100% of issued capital of OK IOT Group Pty Limited

* Acquisition will provide entry to "a rapidly-expanding market expected to experience significant growth in the next five years"

* Ardent will acquire 100% of IOT's shares in exchange for 696.4 million fully paid ordinary shares in Ardent being issued to IOT's shareholders

* Source text for Eikon ID:nASX6XNGK7

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