Dec 29 (Reuters) - Paradigm Metals Ltd PDM.AX :
* Proposed acquisition of cloud based service provider
* Acquisition of IODM for $7 million
* Capital raising of approximately $3 million at a deemed issue price of 4c ($0.04) on a post capital consolidation basis
* Paradigm Metals Limited entered into a binding terms sheet to acquire 100% of the issued capital of IODM pty ltd
* Has agreed to assume an IODM convertible note facility which will convert into Paradigm shares at a fixed price of $0.04
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