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14 Dec 2011

Clayton Utz advising Macquarie Capital and Euroz on $148M equity raising by Independence Group NL

Perth, 14 December 2011: Clayton Utz is acting as counsel to Macquarie Capital (Australia) Limited and Euroz Securities Limited, joint lead managers in respect of the successfully completed $118 million institutional placement by ASX-listed nickel miner and gold explorer, Independence Group NL.

Macquarie is sole bookrunner and global coordinator to the offer, which includes an associated $30 million share purchase plan to existing shareholders.

Clayton Utz Perth Corporate partner Mark Paganin is leading the firm's team advising Macquarie and Euroz, assisted by senior associate James Clyne.

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Clayton Utz communications are intended to provide commentary and general information. They should not be relied upon as legal advice. Formal legal advice should be sought in particular transactions or on matters of interest arising from this communication. Persons listed may not be admitted in all States and Territories.