Iamgold Provides Update ON Holdings IN Tolima GOLD Inc.
IAMGOLD PROVIDES UPDATE ON HOLDINGS IN TOLIMA GOLD INC.
Toronto, Ontario, March 21, 2018 – 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 acq uisition
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 [email protected]
Please note:
This entire news release may be accessed via fax, e -mail, IAMGOLD's websit e 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.
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