Nov 22 (Reuters) - Independence Group NL (IGO) : UPDATE ON...

Nov 22 (Reuters) - Independence Group NL (IGO) :

• UPDATE ON OFF-MARKET TAKEOVER BID FOR PANORAMIC RESOURCES
• CONFIDENTIALITY DEED HAS BEEN ENTERED INTO BETWEEN IGO AND PAN WHICH ALLOWS IGO TO CONDUCT DUE DILIGENCE ON PANORAMIC
• EXPECTS ITS BIDDER'S STATEMENT TO BE MAILED TO PANORAMIC SHAREHOLDERS ON MONDAY 25 NOVEMBER 2019
• PANORAMIC SHAREHOLDERS ARE ENCOURAGED TO ACCEPT OFFER
• CONFIDENTIALITY DEED HAS BEEN ENTERED INTO BETWEEN IGO AND PAN INCLUDES THE SAVANNAH PROJECT
• REITERATES THAT ANY CAPITAL RAISING ANNOUNCED BY PANORAMIC WOULD REPRESENT A BREACH OF IGO'S OFFER CONDITIONS