News: PAN Independence Group Refers To Takeover Bid For Panoramic Resources

Dec 17 (Reuters) - Independence Group NL (IGO) :

• 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