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Independence says the money will go towards the Tropicana gold project joint venture.

Independence Group raises $118m

Independence Group has completed a $118 million capital raising to fund construction and development at its part-owned Tropicana gold project.

The offer saw 29.6 million new shares sold to sophisticated and professional investors at a price of $4.00 per share.

Independence also plans to conduct a share purchase plan of up to $15,000 per eligible shareholder at $4.00 per share, to an overall cap of $30 million.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

BN30 Index

Index = 100 as of 4 Jan 2016
Source: Morningstar

Total Shareholder Return as at 31/03/17

1 year TSR5 year TSR
126thOM Holdings144%-24%
364thIndependence Group27%-1%
435thSandfire Resources15%-3%
605thMetals X-14%-2%
753rdBlackgold International Holdings-58%-32%
706 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

16/12/16
$406k Bought
30/11/16
$98k Bought
29/08/16
$15k Bought
Total value as at the date of the transaction
Source: Morningstar

Revenue

9th↓Sandfire Resources$489.0m
10th↑OM Holdings$464.8m
11th↓Independence Group$415.6m
12th↓Blackgold International Holdings$368.4m
13th↑Metals X$354.8m
505 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Independence Group

43rdPeter Bradford$1.313m
155thBrett Hartmann$676k
209thScott Steinkrug$592k
Ranked by total remuneration from all listed WA companies

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