IAMGOLD: Expiry of the Deadline for Competing Bids for Euro Ressources S.A.
November 17 2008 - 11:07AM
Marketwired
IAMGOLD Corporation (TSX: IMG)(NYSE: IAG)(BOTSWANA: IAMGOLD) notes
that the timeframe for competing or improved offers for Euro
Ressources S.A. ("Euro") has expired. This timeframe is set by the
general regulations of the French Autorite des marches financiers.
No competing or improved offers for Euro have been presented.
Therefore, the previously disclosed terms and calendar remains
unchanged for the tender offer ("Offer") by IAMGOLD to acquire all
the outstanding shares of Euro Ressources S.A. ("Euro") in an all
cash Offer representing EUR 1.20 per share. The public Offer opened
on October 6, 2008 and will close on November 21, 2008.
Joseph Conway IAMGOLD President & CEO said, "With the
current turbulent markets, this all cash offer will allow Euro
shareholders to maximize liquidity. IAMGOLD cash offer is a 30%
premium over Euro's last closing price the day before the filing of
the Offer on August 29, 2008. This is very significant considering
that from the filing date the key gold equity benchmark, the
S&P/TSX Gold Index, has declined 31%. I'm confident that Euro
shareholders will not miss this opportunity."
Euro shareholders should have received from their depositary
bank or intermediary, the necessary documentation allowing them to
tender to the Offer. Should it not be the case, please contact your
depositary bank or intermediary. Details on how to tender are
provided on the IAMGOLD website at www.iamgold.com.
This news release does not constitute an offer or a solicitation
to any person in any jurisdiction in which such offer or
solicitation is unlawful. The offer referred to herein is not being
made or directed to, nor will deposits of shares be accepted from
or on behalf of, shareholders in any jurisdiction in which the
making or acceptance of such offer would not be in compliance with
the laws of such jurisdiction. The offer is made in France in
accordance with French securities laws and is extended in Canada
under the same terms and conditions via an application requesting
exemptive relief from Canadian take-over bid requirements.
Copies of the IAMGOLD information note on the Offer, approved by
the AMF, and of the document containing other information relating
to the legal, financial and accounting characteristics of IAMGOLD
are available free of charge from:
- IAMGOLD Corporation: 401 Bay Street, Suite 3200, PO Box 153,
Toronto (Ontario) Canada, M5H 2Y4
- Societe Generale: CAFI/GCM/SEG, 75886 Paris Cedex 18,
France
These documents are also available on the AMF website at
www.amf-france.org.
The information note and a translation into English may be
consulted on IAMGOLD's website at www.iamgold.com and under
IAMGOLD's profile on SEDAR at www.sedar.com.
The offer documents, relating to the Canadian offer are
available free of charge from:
IAMGOLD Corporation: 401 Bay Street, Suite 3200, PO Box 153,
Toronto (Ontario) Canada, M5H 2Y4
These documents are also available on IAMGOLD website
www.iamgold.com and SEDAR website www.sedar.com (IAMGOLD and Euro
section)
ABOUT IAMGOLD
IAMGOLD is the top mid-tier gold producer, with annual
production of close to 1 million ounces from eight different gold
operations located in North America, South America and Africa.
IAMGOLD also owns non-gold assets that provide significant cash
flow and development projects that provide a strong platform for
continued growth. IAMGOLD has delivered seven consecutive years of
annual dividends to its shareholders and the Company's "Gold is our
Currency Policy" demonstrates IAMGOLD's commitment and confidence
in the gold market.
Forward Looking Statement
This press release contains forward-looking statements. All
statements, other than of historical fact, that address activities,
events or developments that the Company believes, expects or
anticipates will or may occur in the future (including, without
limitation, statements regarding the estimation of mineral
resources, exploration results, potential mineralization, potential
mineral resources and mineral reserves) are forward-looking
statements. Forward-looking statements are subject to a number of
risks and uncertainties that may cause the actual results of the
Company to differ materially from those discussed in the
forward-looking statements. Factors that could cause actual results
or events to differ materially from current expectations include,
among other things, failure to establish estimated mineral
resources, the possibility that future exploration results will not
be consistent with the Company's expectations, changes in world
gold markets and other risks disclosed in IAMGOLD's most recent
Form 40-F/Annual Information Form on file with the US Securities
and Exchange Commission and Canadian provincial securities
regulatory authorities. Any forward-looking statement speaks only
as of the date on which it is made and, except as may be required
by applicable securities laws, the Company disclaims any intent or
obligation to update any forward-looking statement.
Please note:
This entire press release may be accessed via fax, e-mail,
IAMGOLD's website at www.iamgold.com and through Marketwire's
website at www.marketwire.com. All material information on IAMGOLD
can be found at www.sedar.com or at www.sec.gov.
Si vous desirez obtenir la version francaise de ce communique,
veuillez consulter le http://www.iamgold.com/fr/accueil.html.
Contacts: IAMGOLD Corporation Joseph F. Conway President &
CEO (416) 360-4712 or Toll Free: 1-888-IMG-9999 Email:
jconway@iamgold.com IAMGOLD Corporation Elaine Ellingham SVP,
Investor Relations & Communications (416) 360-4743 or Toll
Free: 1-888-IMG-9999 Email: eellingham@iamgold.com Website:
www.iamgold.com Individual Shareholders (France): Toll Free: 0800
630 650 Press Contacts: Financial Dynamics S.A.S. (France)
Guillaume Foucault +33 (0)1 47 03 68 10 Email:
guillaume.foucault@fd.com Financial Dynamics S.A.S. (France):
Michelle Aubert +33 (0)1 47 03 68 10 Email: michelle.aubert@fd.com
Investor contacts: Financial Dynamics S.A.S. (France) Valery
Lepinette +33 (0)1 47 03 68 10 Email: valery.lepinette@fd.com
Financial Dynamics S.A.S. (France) Laurence Borbalan +33 (0)1 47 03
68 10 Email: laurence.borbalan@fd.com Renmark Financial
Communications Inc. (North America) John Boidman (514) 939-3989
Email: jboidman@renmarkfinancial.com Renmark Financial
Communications Inc. (North America) Henri Perron (514) 939-3989
(514) 939-3717 (FAX) Email: hperron@renmarkfinancial.com Website:
www.renmarkfinancial.com
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