Offer for Euro Ressources Successful - IAMGOLD Owns 71.6% of Euro Ressources; Offer is Re-opened From December 4 to 17, 2008
2008年12月4日 - 4:14AM
PRニュース・ワイアー (英語)
TORONTO, Canada, December 3 /PRNewswire-FirstCall/ -- IAMGOLD
Corporation ("IAMGOLD") announced today that the final results for
its public offer for Euro Ressources S.A. have been published by
the French Autorité des marchés financiers ("AMF") on December 2,
2008. As a result of the offer, IAMGOLD controls 43,397,457 shares
representing 71.6% of the current share capital of EURO. With the
success of the offer and according to the general regulations of
the AMF, the public offer is reopened for a period of 10 trading
days, at the same price of EUR1.20 per Euro Ressources share.
Shareholders of Euro Ressources wishing to sell will be able to
tender their shares during the period of re-opening which will
commence December 4 and end on December 17, 2008. IAMGOLD indicates
that it reserves the right to acquire shares of Euro Ressources on
the market until the closure of the re-opened offer, for a
consideration equal to offer price, i.e. EUR1.20 per share. These
acquisitions will be carried out in accordance with applicable
regulations. In particular, they will be declared, on a daily
basis, to the AMF, and they will be subject to press releases as
required by U.S. and Canadian applicable laws. Joe Conway, CEO of
IAMGOLD stated "We are very pleased with the success of the offer.
It is one of our initiatives to reduce cash costs at the Rosebel
mine. At the current gold price this acquisition will effectively
decrease our cash cost by about $45 per ounce of gold produced at
the Rosebel mine. This cost benefit will be further enhanced in a
higher gold price environment." Since the announcement of the offer
in late August, there has been considerable volatility in the
currency markets with a subsequent decline in the value of the Euro
against the US dollar. IAMGOLD took advantage of this decline to
lock in the cost of the transaction by purchasing Euros at an
average exchange rate of approximately 1.27, a favorable level and
close to the current USD/Euro exchange rate. This compares with the
1.47 USD/Euro exchange rate level on the date of the announcement
in August. 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 made in France in
accordance with French securities laws and is extended in Canada
under the same terms and conditions 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 -
Société Générale: 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, M5H 2Y4 These documents are also available on
IAMGOLD website: http://www.iamgold.com/ 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 almost one million ounces from eight 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 désirez obtenir la version française de ce communiqué,
veuillez consulter le site http://www.iamgold.com/fr/accueil.html.
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:
Astrid Villette: T: +33-(0)1-47-03-68-10 Investor contacts: Valery
Lepinette: Clément Bénétreau: 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: , Astrid Villette: , T:
+33-(0)1-47-03-68-10. Investor contacts: Valery Lepinette: ,
Clément Bénétreau: , 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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