Business
IAMGOLD Files Final Base Shelf Prospectus
Toronto, Ontario--(Newsfile Corp. - September 2, 2022) - IAMGOLD Corporation (NYSE: IAG) (TS...
About this update from Iamgold Corporation
[{"type":"text","content":"IAMGOLD Files Final Base Shelf ProspectusToronto, Ontario--(Newsfile Corp. - September 2, 2022) - IAMGOLD Corporation (NYSE: IAG) (TSX: IMG) (\"IAMGOLD\" or the \"Company\") announces that it has obtained a receipt for a final short form base shelf prospectus further to its filing of a preliminary short form base shelf prospectus, previously announced on August 4, 2022. Both documents have been filed with the securities regulators in each province and territory of Canada, and a corresponding registration statement has been filed with the United States Securities and Exchange Commission. This filing replaces the previous base shelf prospectus of the Company, filed on May 15, 2020. These filings will allow the Company, if it chooses, to make offerings of common shares, first preference shares, second preference shares, debt securities, warrants, subscription receipts, or any combination thereof, of up to US$500 million during the next 25 months in Canada and the United States. The Company renewed its base shelf prospectus to maintain financial flexibility. The net proceeds from any such offerings may be used by the Company to, among other things, fund ongoing operations and capital expenditures, including the construction and development of the Côté Gold project, reduce its level of outstanding indebtedness from time to time, fund other discretionary capital programs, and for general corporate purposes.This news release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.A copy of the final base shelf prospectus included in the registration statement may be obtained from IAMGOLD Corporation, 401 Bay Street, Suite 3200, Toronto, Ontario, Canada M5H 2Y4, Attention: Corporate Secretary, or is available at www.sedar.com and www.sec.gov.ABOUT IAMGOLDIAMGOLD is a mid-tier gold mining company operating in North America, South America and West Africa. The Company has three operating mines: Essakane (Burkina Faso), Rosebel (Suriname) and Westwood (Canada), and is building the large-scale, long life Côté Gold project (Canada) which is expected to commence production in early 2024. In a...