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News: PAN Panoramic Resources Says KPMG Assessed Offer From Independence Group

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    23/12/19
    12:35
    Post #: 42102064

    Dec 23 (Reuters) - Independence Group NL (IGO) :

    • KPMG ASSESSED OFFER FROM INDEPENDENCE GROUP AS "FAIR AND REASONABLE TO PANORAMIC SHAREHOLDERS, IN ABSENCE OF A SUPERIOR PROPOSAL"
    • BOARD WILL REVIEW INDEPENDENT EXPERT'S REPORT & PROVIDE ITS RESPONSE, INCLUDING UPDATES TO BOARD'S CURRENT RECOMMENDATION
    • PENDING OUTCOME OF BOARD'S REVIEW, CO'S SHAREHOLDERS SHOULD TAKE NO ACTION IN RELATION TO OFFER OR DOCUMENTS SENT BY IGO
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