On September 13, 2023, IAMGOLD Corporation, an intermediate gold producer and developer based in Canada with operating mines in North America and West Africa, through its wholly owned subsidiary, AGEM Ltd., sold its 100% interest in the Pitangui Project and interest in the Acurui Project. The transaction was completed as a result of AGEM Ltd.’s sale of all of the issued and outstanding shares in the capital of IAMGOLD Brasil Prospecçao Mineral Ltda. and Agua Nova Pesquisas Minerais Ltda. in exchange for 6,331,713 common shares in the capital of Jaguar Mining Inc., for aggregate value of USD$9,000,000 and the entering into of net smelter returns royalty agreement.
Fasken advised IAMGOLD Corporation and AGEM Ltd. with a team comprised of Alex Nikolic, Payton Holliss and Shyla Halseth.
Jurisdictions
- Ontario
- Brazil
