Independence Group invests in Legend Mining

Company News

by Anna Napoli

Independence Group (ASX:IGO) is investing in nickel-copper focused Legend Mining and its Rockford North tenements.

Legend has signed an Agreement with IGO for a $9.8 million placement in Legend at an issue price of 3.6 cents per share which will result in IGO having a 11.9 per cent shareholding in Legend.

Independence Group will become Legend's second largest shareholder and will work closely with Legend's exploration team to drive discovery success at Rockford.

The mining company says Legend’s mineral exploration holdings in the Fraser Range are extensive and are highly prospective for magmatic Ni-Cu-Co sulphide deposits, with numerous prospects already identified.

Shares in Independence Group (ASX:IGO) are trading 0.2 per cent higher at $4.94.

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.