IGO sitting pretty in Panoramic takeover

INDEPENDENCE Group boss Peter Bradford says the company has received encouragement for its scrip takeover proposal for Panoramic Resources from some of the smaller miner’s shareholders.

IGO sitting pretty in Panoramic takeover IGO sitting pretty in Panoramic takeover IGO sitting pretty in Panoramic takeover IGO sitting pretty in Panoramic takeover IGO sitting pretty in Panoramic takeover

IGO managing director Peter Bradford (left) with chairman Peter Bilbe

The board of Panoramic has urged shareholders to take no action over the one-for-13 scrip offer, though 35.2% shareholder Zeta Resources has said it doesn't intend to accept it.