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 30/09/16

1 year TSR5 year TSR
230thIndependence Group66%1%
342ndMetals X26%12%
515thSandfire Resources-4%-2%
585thBlackgold International Holdings-19%-31%
712thOM Holdings-57%-33%
774 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

$15k Bought
$0 Other
$15k Bought
Total value as at the date of the transaction
Source: Morningstar


9th↑Sandfire Resources$488.5m
10th↑Blackgold International Holdings$434.4m
11th↑Independence Group$415.6m
12th↓OM Holdings$362.6m
13th↑Metals X$354.8m
519 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Independence Group

80thPeter Bradford$963k
159thBrett Hartmann$676k
207thScott Steinkrug$592k
Ranked by total remuneration from all listed WA companies

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