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IGO LIMITED — Capital/Financing Update 2019
Dec 4, 2019
65111_rns_2019-12-04_8ae98ed0-f226-4c32-89e3-91267c832004.pdf
Capital/Financing Update
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IGO NOT TO PARTICIPATE IN PANORAMIC ENTITLEMENT OFFER
Independence Group NL (ASX: IGO) ( IGO or the Company ) notes Panoramic Resources Limited’s (ASX: PAN) ( Panoramic ) announcement today of a proposed conditionally underwritten 1 for 6 accelerated pro-rata non-renounceable entitlement offer to raise approximately $31 million (after costs) ( Entitlement Offer ).
IGO has determined not to participate in the Entitlement Offer in respect of its existing 3.8% shareholding in Panoramic.
As noted by Panoramic, the Entitlement Offer breaches a condition of IGO’s takeover offer for Panoramic. IGO reserves its rights in respect of this breach of condition.
Investor and Media enquiries
Investors
Media
Richard Glass Jill Thomas Investor Relations Manager Communications Manager Independence Group NL Independence Group NL +61 8 9238 8300 +61 8 9238 8300 [email protected]
John Gardner Citadel Magnus +61 8 6160 4901 [email protected]
Name of Director or Secretary authorising lodgement: Joanne McDonald Company Secretary
Suite 4, Level 5 PO Box 496 85 South Perth Esplanade South Perth WA 6951 South Perth WA 6151 Western Australia
T. +61 8 9238 8300 F. +61 8 9238 8399 E. [email protected]
igo.com.au Independence Group NL ABN 46 092 786 304
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