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Independence Group NL to outline placement as shares rally

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Independence Group NL (ASX:IGO) shares are trading close to double their value compared to six months ago, as the company continues to benefit from a higher Australian Dollar Gold price.

Independence recently hit a 12-month high of $4.49, and the company last traded at $4.08 before entering an ASX trading halt.

The halt was requested pending the outcome of a placement to sophisticated and professional investors.

The halt will remain in place until the opening of trade on Friday 29th July 2016, or earlier if an announcement is made to the market.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

Quick facts: IGO Limited

Price: 6.39 AUD

ASX:IGO
Market: ASX
Market Cap: $4.84 billion
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