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Gold/Mining/Energy : Shining Tree Gold Camp

ORFDF 0.0572

-6.6%

Oct 22 2:58 PM EST

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From: sense	5/4/2012 3:13:30 AM
	of 260

IAMGOLD ACQUISITION OF TRELAWNEY Toronto, Ontario, April 27, 2012 – IAMGOLD Corporation (TSX:IMG NYSE: IAG) (“IAMGOLD” or “the Company”) and Trelawney Mining and Exploration Inc. (TSX Venture:TRR)(“Trelawney”) today announced that they have entered into a definitive agreement (the “Agreement”) whereby IAMGOLD will acquire, through a plan of arrangement, all of the issued and outstanding common shares of Trelawney. Trelawney is a Canadian junior mining and exploration company, focused on the development of the Côté Lake Deposit located adjacent to the Swayze Greenstone Belt in northern Ontario. Under the terms of the Agreement, each Trelawney shareholder will receive $3.30 in cash for each Trelawney share held. The transaction price represents a 36.6% premium based on Trelawney’s 20-day volume weighted average price (“VWAP”) for the period ending April 26, 2012.

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