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IGO LIMITED — Capital/Financing Update 2022
Feb 20, 2022
65111_rns_2022-02-20_6d08436d-be7c-4ea7-8d16-c036f29ede69.pdf
Capital/Financing Update
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----- Start of picture text ----- ASX RELEASE21 February 2022----- End of picture text -----
RESPONSE TO MEDIA SPECULATION
IGO Limited (ASX:IGO) (IGO or the Company) notes recent media speculation that the Company may be considering an acquisition of the CSA Copper Mine (CSA) from Glencore.
IGO confirms that it is in exclusive discussions with Glencore in relation to a proposed sale of CSA. However, at this stage, discussions between IGO and Glencore are incomplete and IGO is continuing to conduct due diligence as part of the ongoing sales process. IGO has made no decision and nor has it entered into any definitive acquisition agreement with respect to CSA.
IGO regularly evaluates acquisition opportunities against a range of factors and will only pursue an acquisition if it makes strong strategic and financial sense for its shareholders.
IGO will keep the market informed in accordance with its continuous disclosure obligations, and otherwise does not intend to comment on such matters.
IGO is not aware of any other matter requiring disclosure under the ASX listing rules and confirms it is in compliance with ASX Listing Rule 3.1.
This announcement is authorised for release to the ASX by Peter Bradford, Managing Director & CEO.
Investor Enquiries
Richard Glass Investor & Media Relations Manager T: +61 8 9238 8300 E: [email protected]
Media Enquiries
Michael Weir Citadel MAGNUS T: +61 402 347 032 E: [email protected]
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 igo.com.au F. +61 8 9238 8399 IGO Limited E. [email protected] ABN 46 092 786 304