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IAMGOLD closes US$345 million equity financing

Fasken
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Canaccord Capital and TD Securities

On March 26, 2009, gold mining company IAMGOLD Corporation (TSX:IMG) (NYSE:IAG) (BOTSWANA:IAMGOLD) announced that it had completed its previously announced overnight marketed public offering of common shares at a price of $8.75 per common share. Including the common shares issued on the exercise of the over-allotment option, IAMGOLD issued 39,445,000 common shares for aggregate gross proceeds of $345,143,750. The underwriting syndicate was led by Canaccord Capital Corporation and TD Securities Inc. and included CIBC World Markets Inc., GMP Securities L.P., Macquarie Capital Markets Canada Ltd., Scotia Capital Inc., UBS Securities Canada Inc., Cormark Securities Inc., National Bank Financial Inc., Paradigm Capital Inc., RBC Capital Markets, Thomas Weisel Partners Canada, Inc., Dundee Securities Corporation, Genuity Capital Markets, Goldman Sachs Canada Inc., and Salman Partners Inc. Approximately $250 million of the net proceeds from the offering are expected to be used to fund the construction and development of the Essakane Project and the balance is expected to fund capital expenditures at IAMGOLD's other properties and be used for general corporate purposes including future acquisition opportunities. The underwriters were advised in this transaction by a team from Fasken Martineau that included, among others, John Turner, Greg Ho Yuen, Krisztian Toth, Alex Nikolic , Jeff Hergott and Daniel Fuke.

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