SOL washington h soul pattinson & company limited

News: SOL Independence Group enters agreement to divest Stockman Project

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    June 14 (Reuters) - Independence Group Nl (IGO) :

    • Agreement to divest Stockman Project
    • Entered into an agreement to sell its Stockman Cu-Zn project in north-east Victoria
    • A binding asset sale agreement has been entered into between IGO and Copperchem Limited
    • Deal for a consideration of A$47.2 million
    • As a result of sale, IGO expects to record an after-tax impairment on project in FY17 of up to A$20 million
    • As a result of sale, IGO expects to record an after-tax impairment on project in FY17 of up to A$20 million
 
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