Legend Mining Limited (ASX:LEG) Acquires Shares in Independence Group (ASX:IGO)

  Perth, Australia, Dec 16, 2008 - (ABN Newswire) - Legend Mining Limited ( & quot;Legend & quot;) (ASX:LEG) today announced that it has acquired 3.4 million shares in Independence Group Limited (ASX:IGO) at an average cost of A & #36;1.44 per share. The shares were purchased on-market over the past six weeks.According to its 2008 annual report, IGO has a cash backing of & #36;1.25 per share, production assets that generated an after tax profit of & #36;51 million (i.  

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