StockTake: Indiana Resources to distribute hefty capital return to holders

Stockhead’s Tylah Tully unpacks the latest from Indiana Resources (ASX:IDA), whose shareholders are in for a five cent per share capital return which a draft ruling from the ASX confirmed will not be considered a dividend come tax time.

The move leaves Indiana with $37 million in the kitty and plenty of room to look into gold production scenarios as the company prepares a maiden resource.

Watch the video to learn the details

This video was developed in collaboration with Indiana Resources, a Stockhead advertiser at the time of publishing.

This video does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.