Euro Ressources' Board of Directors Recommends IAMGOLD's Cash Tender Offer at EUR 1.20 Per Share
November 19 2008 - 11:26AM
Marketwired
IAMGOLD Corporation (TSX: IMG)(NYSE: IAG)(BOTSWANA: IAMGOLD) notes
with satisfaction that Euro Ressources S.A.'s ("EURO") Board of
Directors has amended its recommendation in respect of IAMGOLD's
tender offer ("Offer"). EURO's Board of Directors indicated on
November 17 that it now recommends that shareholders tender to the
Offer.
The directors also indicated that they intend to tender their
own shares, representing approximately 8.9% of the issued and
outstanding shares. Including these, IAMGOLD has knowledge of
intentions to tender of at least 16.2%(1) of EURO's outstanding
shares to date.
The previously disclosed terms and calendar remain unchanged:
IAMGOLD proposes to acquire all the outstanding shares of Euro
Ressources S.A. 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.
Shareholders of EURO residing in the United States may, on a
voluntary basis, participate to the Offer opened in France or in
Canada. 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 almost 1 million ounces from eight 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.
(1) With the 4.9% indirectly held by IAMGOLD and the 2.4%
lock-up agreement announced on October 8.
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 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) Astrid Villette +33 (0)1 47 03 68 10 Email:
astrid.villette@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) Clement
Benetreau +33 (0)1 47 03 68 10 Email: clement.benetreau@fd.com
Renmark Financial Communications Inc. (North America) John Boidman
(514) 939-3989 (514) 939-3717 (FAX) 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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