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Home > Mining Companies > IAMGOLD > News > IAMGOLD Announces Filing of...
IAMGOLD

IAMGOLD Announces Filing of Early Warning Report in Connection with Dundee Precious Metals' Proposed Acquisition of INV Metals

May 31, 2021
Toronto, Ontario--(Newsfile Corp. - May 31, 2021) - IAMGOLD Corporation (TSX: IMG) (NYSE: IAG) ("IAMGOLD" or the "Company") announces that it has entered into a voting and support agreement (the "Support Agreement") with Dundee Precious Metals Inc. ("DPM") pursuant to which IAMGOLD has agreed, subject to the terms and conditions thereof, to vote all of its common shares (the "Common Shares") of INV Metals Inc. ("INV") in favour of the proposed acquisition of INV by DPM by way of a plan of arrangement (the "Transaction"). Under the terms of the arrangement agreement dated May 30, 2021 (the "Arrangement Agreement"), holders of Common Shares will receive 0.0910 common shares of DPM in exchange for each Common Share. IAMGOLD beneficially owns and has control or direction over 53,331,158 Common Shares, representing approximately 35.5% of the total issued and outstanding Common Shares.
 
The Support Agreement may be terminated by the mutual agreement in writing of DPM and IAMGOLD. The Support Agreement will also terminate and be of no further force or effect in certain circumstances, including in the event that the Arrangement Agreement is terminated by INV in order to accept a superior proposal.
 
If the Transaction does not proceed and/or the Support Agreement is terminated, depending on market conditions, general economic and industry conditions, trading prices of INV's securities, INV's business, financial condition and prospects and/or other relevant factors, IAMGOLD may from time to time acquire additional Common Shares, dispose of some or all of its Common Shares or continue to hold Common Shares or other securities of INV.
 
An early warning report in respect of the Transaction will be filed under INV's profile on SEDAR at www.sedar.com, and may also be obtained by contacting the persons named below. IAMGOLD's head office is located at 401 Bay Street, Suite 3200, PO Box 153, Toronto, Ontario, M5H 2Y4. INV's head office is located at 55 University Avenue, Suite 700, Toronto, Ontario, M5J 2H7.
 
About IAMGOLD
 
IAMGOLD is a mid-tier gold mining company operating in three regions globally: North America, South America and West Africa. Within these regions the Company is developing high potential mining districts that encompass operating mines, construction, development, and exploration projects. The Company's operating mines include Westwood in Canada, Rosebel (including Saramacca) in Suriname and Essakane in Burkina Faso. A solid base of strategic assets is complemented by the Côté Gold construction project in Canada, the Boto Gold development project in Senegal, as well as greenfield and brownfield exploration projects in various countries located in the Americas and West Africa.
 
IAMGOLD employs approximately 5,000 people. IAMGOLD is committed to maintaining its culture of accountable mining through high standards of Environmental, Social and Governance practices, including its commitment to Zero Harm®, in every aspect of its business. IAMGOLD (www.iamgold.com) is listed on the New York Stock Exchange (NYSE: IAG) and the Toronto Stock Exchange (TSX: IMG) and is one of the companies on the JSI index1.
 
1 Jantzi Social Index ("JSI"). The JSI is a socially screened market capitalization-weighted common stock index modeled on the S&P/TSX 60. It consists of companies which pass a set of broadly based environmental, social and governance rating criteria.
 
For further information please contact:
 
Indi Gopinathan, VP, Investor Relations & Corporate Communications, IAMGOLD Corporation
Tel: (416) 360-4743 Mobile: (416) 388-6883
 
Philip Rabenok, Senior Analyst, Investor Relations, IAMGOLD Corporation
Tel: (416) 933-5783 Mobile: (647) 967-9942
 
Toll-free: 1-888-464-9999 info@iamgold.com
 

Source: https://www.iamgold.com/English/investors/news-releases/news-releases-details/2021/IAMGOLD-Announces-Filing-of-Early-Warning-Report-in-Connection-with-Dundee-Precious-Metals-Proposed-Acquisition-of-INV-Metals/default.aspx

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