TSX: IMG NYSE: IAG
TORONTO, April 12, 2012 /PRNewswire/ - IAMGOLD
Corporation ("IAMGOLD" or the "Company") announced today that
it has received an additional 3,112,525 warrants to purchase an
equivalent number of common shares of Galane Gold Ltd. ("Galane")
(TSX-V: GG) pursuant to that agreement by which Galane, indirectly,
acquired ownership of the Mupane gold mine in Botswana, Africa from the Company, as originally
announced by the Company on August 31,
2011. The receipt of these additional warrants was
contemplated in the original agreement upon Galane's completion of
its acquisition of Northern Lights Exploration Company Pty. Ltd.
IAMGOLD's ownership of (assuming the exercise of common share
purchase warrants) 26,252,778 common shares of Galane maintains its
approximate 49.9% interest in Galane's outstanding common shares
(including common shares that would be outstanding upon exercise of
the warrants held by IAMGOLD).
The warrants to purchase common shares of Galane received today
by IAMGOLD are for investment purposes. IAMGOLD does not have
any present intention to acquire ownership of, or control or
direction over, additional securities of Galane. It is the
intention of IAMGOLD to evaluate its investment in Galane on a
continuing basis and such holdings may be increased or decreased in
the future.
About IAMGOLD
IAMGOLD (www.iamgold.com) is a leading mid-tier gold mining
company producing approximately one million ounces annually from
five gold mines (including current joint ventures) on three
continents. In the Canadian province of Québec, the Company also
operates Niobec Inc., which produces more than 4.5 million
kilograms of niobium annually, and owns a rare earth element
resource close to its niobium mine. IAMGOLD is uniquely positioned
with a strong financial position and extensive management and
operational expertise. To grow from this strong base, IAMGOLD
has a pipeline of development and exploration projects and
continues to assess accretive acquisition opportunities.
IAMGOLD's growth plans are strategically focused in certain regions
in Canada, select countries in
South America and Africa.
Please note:
This entire news release may be accessed via fax, e-mail, IAMGOLD's
website at www.iamgold.com and through CNW Group's website at
www.newswire.ca. All material information on IAMGOLD can be found
at www.sedar.com or at www.sec.gov.
Si vous désirez obtenir la version française de ce communiqué,
veuillez consulter le
http://www.iamgold.com/French/Home/default.aspx.
For further information:
IAMGOLD has filed an early warning report on Galane Gold Ltd's.
SEDAR profile at www.sedar.com. A copy of the report may be
obtained by contacting Laura Young
at 416 933 4952.
SOURCE IAMGOLD Corporation