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SureTrack Monitoring

  • BY: Andrew Hore |
  • POSTED: 10/09/2013 |

SureTrack Monitoring is selling its remaining business and turning itself into a natural resources/agricultural shell.

SureTrack Europe, which operates a GSM-based asset tracking service using its own monitoring platform, was sold 19 months ago to its boss. IBP, which provides security products for retail and cash-in-transit businesses, remained but this is being sold for £1 to Nicholas and Helen Steven. SureTrack will retain debtors of £10,282. SureTrack will receive royalty payments of 2.5% of sales of certain products to specific customers up until the end of March 2015.

SureTrack will focus on natural resources and agricultural opportunities in Africa.

SureTrack will consolidate eleven existing shares into one new share. A subscription will raise £250,000 at 0.1p a share. The non-consolidated shares are trading at 0.075p each – bid/offer spread of 0.05p/0.1p.

Hamish Harris, who is also a director of AIM shells Polemos and Doriemus, and Daniel Maling, who was previously at Cambrian Mining, will join the board.

Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFAugust2013_47.pdf

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