Dec 17 (Reuters) - Independence Group NL IGO.AX :
* REFERS TO ITS TAKEOVER BID FOR ALL OF SHARES IN PANORAMIC RESOURCES LIMITED
* NOTES THAT THERE HAVE BEEN BREACHES OF SEVERAL DEFEATING CONDITIONS OF OFFER
* RESERVES ITS RIGHTS IN RELATION TO THESE BREACHES, INCLUDING WHETHER TO RELY ON THESE BREACHES TO TERMINATE ITS OFFER
* IGO HAS EXTENDED OFFER SO THAT IT NOW CLOSES AT 7.00PM (SYDNEY TIME) ON 17 JANUARY 2020
* NOTES DUE DILIGENCE ON PANORAMIC IS CONTINUING & THAT CO'S FINDINGS WILL BE ASSESSED ALONGSIDE INDEPENDENT EXPERT REPORT
* EXTENDED OFFER TO ENABLE FURTHER TIME TO ASSESS POSITION IN RELATION TO BREACHES OF SEVERAL DEFEATING CONDITIONS OF OFFER