Macquarie Capital and Euroz are the 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, assisted by senior associate James Clyne.