Statement by Zeta Resources in relation to unsolicited takeover offer from Independence Group

Panoramic Resources Limited (ASX: PAN) advises that its 34.73% shareholder, Zeta Resources Limited (ASX: ZER), has provided a statement on its website (www zetaresources.limited) outlining its reasons for its intention to not accept the off-market, highly conditional takeover offer for Panoramic from Independence Group NL (ASX: IGO).

In the statement, Zeta states it “does not intend to accept Independence Group’s current offer”.

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

The Board is currently evaluating 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:
Trevor Eton, Chief Financial Officer
+61 8 6266 8600

ENDS