All amounts are expressed in Canadian dollars.
TSX: IMG NYSE: IAG
TORONTO, Feb. 12, 2013 /CNW/ - IAMGOLD Corporation ("IAMGOLD" or the
"Company") today announced that it has indirectly received, through its
95% owned subsidiary, 3,236,246 common shares of Eagle Mountain Gold
Corp. ("EMGC"), formerly Stronghold Metals Inc., (TSX-V: Z). The shares
were received, on a prospectus exempt basis, as consideration under an
earn-in agreement with EMGC for the remaining 50% interest in the Eagle
Mountain exploration concession in Guyana.
IAMGOLD now indirectly owns, through its 95% owned subsidiary, 5,536,246
common shares of EMGC, or approximately 14.93% of the outstanding
common shares.
The common shares of EMGC indirectly acquired today by IAMGOLD were
acquired for investment purposes. IAMGOLD does not have any present
intention to acquire, indirectly or directly, ownership of, or control
or direction over additional securities of EMGC. It is the intention
of IAMGOLD to evaluate its investment in EMGC on a continuing basis and
such holdings may be, indirectly or directly, increased or decreased in
the future.
Forward Looking Statement
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 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 "may", "will", "should",
"continue", "expect", "anticipate", "estimate", "believe", "intend",
"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 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 United States
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.
About IAMGOLD
IAMGOLD (www.iamgold.com) is a leading mid-tier gold producer with five operating gold mines
(including current joint ventures) on three continents. In the Canadian
province of Québec, the Company also operates Niobec Inc., one of the
world's top three producers of niobium, and owns a rare earth element
resource close to its niobium mine. IAMGOLD is well positioned for
growth with a strong financial position and extensive management and
operational expertise. To grow from this strong base, IAMGOLD has a
pipeline of development and exploration projects and continues to
assess accretive acquisition opportunities. IAMGOLD's growth plans are
strategically focused in certain regions in Canada, select countries in
South America and Africa.
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/Home/default.aspx.
SOURCE: IAMGOLD Corporation
IAMGOLD has filed an early warning report on Eagle Mountain Gold Corp's SEDAR profile at www.sedar.com. A copy of the report may be obtained by contacting Laura Young at 416 933 4952.