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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 30/11/16

1 year TSR5 year TSR
191stIndependence Group78%1%
237thOM Holdings56%-19%
418thSandfire Resources12%-0%
668thMetals X-40%-8%
707thBlackgold International Holdings-54%-28%
773 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

30/11/16
$98k Bought
29/08/16
$15k Bought
29/08/16
$0 Other
Total value as at the date of the transaction
Source: Morningstar

Revenue

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
505 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Independence Group

46thPeter Bradford$1.313m
173rdBrett Hartmann$676k
226thScott Steinkrug$592k
Ranked by total remuneration from all listed WA companies

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