IAMGOLD Announces That the AMF Declared Conformity of its Cash Bid for Euro Ressources at EUR1.20 Per Share
2008年10月3日 - 2:02AM
PRニュース・ワイアー (英語)
TORONTO, October 2 /PRNewswire-FirstCall/ -- IAMGOLD Corporation
("IAMGOLD" or "the Company") announced today that the French
Autorite des marches financiers ("AMF"), declared, on October 1,
2008, the conformity of the tender offer ("Offer") to acquire all
the outstanding shares of Euro Ressources S.A. ("Euro") in an all
cash offer representing EUR1.20 per share. "The opening of the
offer is an important step towards the successful completion of the
acquisition which will benefit both IAMGOLD and the shareholders of
Euro. The offer provides compelling value and liquidity for Euro
shareholders. Once completed, this acquisition will, on
consolidation, eliminate the royalty obligation on our flagship
asset, the Rosebel mine, which reduces cash costs at the mine by
approximately US$50 per oz. The completion of the acquisition will
be a significant achievement in reaching our long-term objective of
reducing our cash cost below the industry average." stated Joseph
Conway, IAMGOLD President and CEO. Terms of the Offer: - According
to the indicative timetable included in the information note of
IAMGOLD, the Offer should open on October 6, 2008 and will remain
open for at least 25 trading days. The closing date and the final
timetable of the Offer will be set at a later date by a decision of
the AMF. - Shareholders of Euro are to receive EUR1.20 per share in
cash which represents a premium of 30% based on the closing price
of Euro shares on Euronext on August 28, 2008, which is the last
trading day of Euro prior to the filing of the draft tender offer
in France with the AMF. - The Offer is for all outstanding Euro
shares and for any shares issuable upon the exercise of
subscription options. Based on publicly available information,
Euro's capital structure currently consists of approximately 60.6
million shares and up to 1.9 million shares issuable upon the
exercise of granted options. - The Offer is conditional upon
IAMGOLD holding a minimum of 50% plus one share of Euro's capital
and voting rights (calculated on a diluted basis, including the
4.9% already indirectly held by IAMGOLD), upon closure of the
Offer. Highlights of the Offer: - Offer represents a significant
premium for Euro shareholders of 30% based on Euro's last closing
price before filing of the Offer. - Euro shareholders receive
immediate liquidity and crystallization of value. - Eliminates on
consolidation the royalty obligation on IAMGOLD's Rosebel mine,
reducing cash costs at the mine of approximately US$50 per oz. This
news release does not constitute an offer or a solicitation to any
person in any jurisdiction in which such offer or solicitation is
unlawful. The offer referred to herein is not being made or
directed to, nor will deposits of shares be accepted from or on
behalf of, shareholders in any jurisdiction in which the making or
acceptance of such offer would not be in compliance with the laws
of such jurisdiction. In particular, as of the date of this press
release, IAMGOLD contemplates to extend the Offer in Canada and, to
that effect, has filed with the Canadian securities regulatory
authorities an application requesting exemptive relief from
Canadian take-over bid requirements. Assuming that such relief is
granted, the information note on the Offer, together with
supplementary information for Canadian shareholders, will be filed
with Canadian securities regulatory authorities and be available at
http://www.sedar.com/ and otherwise be available on IAMGOLD's
website at http://www.iamgold.com/. However, IAMGOLD may elect not
to extend the Offer in Canada, in particular if the requested
relief is not granted by the Canadian securities regulatory
authorities. Copies of the IAMGOLD information note on the Offer,
approved by the AMF, and of the document containing other
information relating to the legal, financial and accounting
characteristics of IAMGOLD are available free of charge from: -
IAMGOLD Corporation: 401 Bay Street, Suite 3200, PO Box 153,
Toronto (Ontario) Canada, M5H 2Y4 - Societe Generale: CAFI/GCM/SEG,
75886 Paris Cedex 18, France These documents are also available on
the AMF website at http://www.amf-france.org/. The information note
and a translation into English may be consulted on IAMGOLD's
website at http://www.iamgold.com/ and under IAMGOLD's profile on
SEDAR at http://www.sedar.com/. About IAMGOLD IAMGOLD is the top
mid-tier gold producer, with annual production of close to 1
million ounces from eight different gold operations located in
North America, South America and Africa. IAMGOLD also owns non-gold
assets that provide significant cash flow and development projects
that provide a strong platform for continued growth. IAMGOLD has
delivered seven consecutive years of annual dividends to its
shareholders and the Company's "Gold is our Currency Policy"
demonstrates IAMGOLD's commitment and confidence in the gold
market. Forward Looking Statement This press 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
subject to a number of risks and uncertainties 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, 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 US 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. Please note: This entire press release
may be accessed via fax, e-mail, IAMGOLD's website at
http://www.iamgold.com/ and through Marketwire's website at
http://www.marketwire.com/. All material information on IAMGOLD can
be found at http://www.sedar.com/ or at http://www.sec.gov/. Si
vous desirez obtenir la version francaise de ce communique,
veuillez consulter le http://www.iamgold.com/fr/accueil.html. For
further information please contact: IAMGOLD Corporation: Joseph F.
Conway Paul Olmsted President & CEO SVP, Corporate Development
Tel: +1-416-360-4712 Tel: +1-416-360-4722 Toll-free:
+1-888-IMG-9999 Toll-free: +1-888-IMG-9999 Individual Shareholders
(France): Toll-Free: 0800-630-650 Financial Dynamics S.A.S.
(France): Press Contacts: Guillaume Foucault: Michelle Aubert: T:
+33(0)1-47-03-68-10 Investor contacts: Valery Lepinette: Laurence
Borbalan: T: +33(0)1-47-03-68-10 Renmark Financial Communications
Inc. (North America): John Boidman: Henri Perron: T:
+1-514-939-3989 F: +1-514-939-3717 http://www.renmarkfinancial.com/
DATASOURCE: IAMGOLD Corporation CONTACT: For further information
please contact: IAMGOLD Corporation: Joseph F. Conway, President
& CEO, Tel: +1-416-360-4712, Toll-free: +1-888-IMG-9999; Paul
Olmsted, SVP, Corporate Development, Tel: +1-416-360-4722,
Toll-free: +1-888-IMG-9999; Individual Shareholders (France):
Toll-Free: 0800-630-650; Financial Dynamics S.A.S. (France): Press
Contacts: Guillaume Foucault: , Michelle Aubert, , T:
+33(0)1-47-03-68-10; Investor contacts: Valery Lepinette, ;
Laurence Borbalan: , T: +33(0)1-47-03-68-10; Renmark Financial
Communications Inc. (North America): John Boidman, ; Henri Perron,
, T: +1-514-939-3989, F: +1-514-939-3717
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