TORONTO, March 21, 2018 /CNW/ - IAMGOLD Corporation
("IAMGOLD" or the "Company") today announced that on November 1, 2017, the Company sold 3,456,000
common shares ("Common Shares") of Tolima Gold Inc.
("Tolima"), at a price of $0.005 per
share, for total cash consideration of $17,280. The Common Shares were sold through the
facilities of the TSX Venture Exchange and represented
approximately 2.43% of the outstanding Common Shares. As a
result of the disposition of the Common Shares, IAMGOLD's holding
of Common Shares decreased to less than 10% of the issued and
outstanding Common Shares of Tolima.
Immediately prior to the disposition of the Common Shares,
IAMGOLD held 15,440,615 Common Shares, representing approximately
10.85% of the issued and outstanding Common Shares.
Immediately following the disposition of the Common Shares,
IAMGOLD held 11,984,615 Common Shares, representing approximately
8.42% of the issued and outstanding Common Shares, based on
142,319,602 Common Shares issued and outstanding as stated in
Tolima's management information circular dated February 20, 2018.
IAMGOLD disposed of the Common Shares in the ordinary course of
the Company's investment activities.
About IAMGOLD
IAMGOLD (www.iamgold.com) is a mid-tier
mining company with four operating gold mines on three continents.
A solid base of strategic assets in North and South America and West 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.
For further information please contact:
Ken Chernin, VP Investor
Relations, IAMGOLD Corporation
Tel: (416) 360-4743 Mobile: (416) 388-6883
Laura Young, Director
Investor Relations, IAMGOLD Corporation
Tel: (416) 933-4952 Mobile: (416) 670-3815
Martin Dumont, Senior
Analyst Investor Relations, IAMGOLD Corporation
Tel: (416) 933-5783 Mobile: (647) 967-9942
IAMGOLD Corporation Toll-free: 1 888 464-9999
info@iamgold.com
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/accueil/default.aspx.
SOURCE IAMGOLD Corporation