All monetary amounts are expressed in U.S.
dollars, unless otherwise indicated.
TSX: IMG NYSE: IAG
TORONTO, Sept. 6, 2016 /PRNewswire/ - IAMGOLD
Corporation ("the Company") today announced the final results
of its previously announced tender offer to purchase for cash from
each registered holder up to $150,000,000 in aggregate principal amount of the
Company's outstanding 6.75% Senior Notes due 2020 (the
"Notes").
The tender offer expired at 12:00 midnight, New York City time, on September 2, 2016 (such date and time, the
"Expiration Date"). The early tender deadline and the withdrawal
deadline for the tender offer were, in each case, 5:00 p.m., New York
City time, on August 19, 2016
(such date and time, the "Early Tender Time").
The Company has been advised that, as of the Expiration Date,
$145,863,000 aggregate principal
amount of Notes, or approximately 23.0% of Notes outstanding, have
been validly tendered and not withdrawn pursuant to the tender
offer, including $161,000 aggregate
principal amount of Notes that were validly tendered after the
Early Tender Time and prior to the Expiration Date.
The Company intends to accept for purchase all Notes validly
tendered after the Early Tender Time and at or prior to the
Expiration Date on or about September 6,
2016.
Forward Looking Statements
This news 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 terms and timing for completion of the tender offer, including
the acceptance for purchase of any Notes validly tendered and the
expected settlement date thereof, the expected, estimated or
planned gold production, cash costs, margin expansion, capital
expenditures and exploration expenditures and 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
generally identifiable by use of the words "will", "continue",
"expect", "estimate", "intend", "to have", "plan" or "project" or
the negative of these words or other variations on these words or
comparable terminology. Forward-looking statements are subject to a
number of risks and uncertainties, many of which are beyond the
Company's ability to control or predict, 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, without limitation, failure to meet
expected, estimated or planned gold production, cash costs, margin
expansion, capital expenditures and exploration expenditures and
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 SEC 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.
About IAMGOLD
IAMGOLD is a mid-tier mining company with four operating gold
mines on three continents. A solid base of strategic assets in
Canada, South America and Africa is complemented by development and
exploration projects and continued assessment of accretive
acquisition opportunities. IAMGOLD is in a strong financial
position with extensive management and operational
expertise.
SOURCE IAMGOLD Corporation