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BRIEF-Independence Group Refers To Takeover Bid For Panoramic Resources

Published 17/12/2019, 08:25 pm
© Reuters.  BRIEF-Independence Group Refers To Takeover Bid For Panoramic Resources
IGO
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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

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