Off-Market Takeover Bid by Independence Group NL

Panoramic Resources Limited (ASX: PAN) notes the announcement from Independence Group NL (ASX: IGO) regarding its unsolicited, highly conditional scrip takeover offer for Panoramic.

The Board of Panoramic advises shareholders to take no action in respect of Independence Group’s offer or any document received from Independence Group.

The Board will evaluate the offer and Independence Group’s Bidder’s Statement and provide shareholders with a recommendation in due course. Until then, shareholders should take no action.

Panoramic will keep its shareholders fully informed of further developments.

For further information contact:

Peter Harold,
Managing Director
+61 8 6266 8600