IAMGOLD's Cash Bid for Euro Ressources to Close November 21, 2008
2008年10月24日 - 11:58PM
PRニュース・ワイアー (英語)
TORONTO, October 24 /PRNewswire-FirstCall/ -- IAMGOLD Corporation
("IAMGOLD") announced today that the French Autorite des marches
financiers ("AMF"), disclosed the final calendar 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 public Offer opened on October 6, 2008 and will
close on November 21, 2008. Joe Conway IAMGOLD CEO said: "Since the
opening of the Offer the gold price has declined by 14% and the key
gold equity benchmark, the S&P/TSX Gold Index, has declined
45%. In today's volatile market conditions our all cash Offer, more
than ever, provides maximum liquidity through a significant premium
to Euro shareholders(1). I am confident that Euro shareholders will
seize upon this opportunity." Euro shareholders will receive from
their depositary bank the necessary documentation allowing them to
tender to the Offer. Terms of the Offer: - The Offer opened on
October 6, 2008 and will close on November 21, 2008. - 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
upon closure of the Offer. IAMGOLD indirectly holds 4.9% of Euro
and combined with the 2.4% lock-up agreement announced on October
8, 2008, IAMGOLD controls approximately 7.3% of Euro's common
shares outstanding. 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. The offer is
extended in Canada via an application requesting exemptive relief
from Canadian take-over bid requirements. 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/. The offer documents, relating to the
Canadian offer are available free Of Charge from: IAMGOLD
Corporation: 401 Bay Street, Suite 3200, PO Box 153, Toronto
(Ontario) Canada, M5H2Y4 These documents are also available on
IAMGOLD website http://www.iamgold.com/ and and SEDAR website
http://www.sedar.com/ (IAMGOLD and Euro section) 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.
--------------------------------- (1) The offer price represents a
premium of 30% based of Euro's last closing price before filing of
the Offer on August 29, 2008. For further information please
contact: IAMGOLD Corporation: Joseph F. Conway Elaine Ellingham
President & CEO SVP, Investor Relations & Communications
Tel: +1-416-360-4712 Tel: +1-416-360-4743 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; Elaine Ellingham, SVP,
Investor Relations & Communications, , Tel: +1-416-360-4743,
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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