IAMGOLD (IMG-T) March 16, '16 announced today that it has sold all 21,875,000 common shares of Galane Gold (GG-V) held pursuant to that agreement by which Galane, indirectly, acquired ownership of the Mupane gold mine in Botswana, Africa from the Company, as originally announced by the Company on August 31, 2011. The Company no longer holds any common shares of, or warrants to purchase common shares of, Galane and thus holds a 0% interest in Galane's outstanding common shares.
IAMGOLD does not have any present intention to acquire ownership of, or control or direction over, additional securities of Galane.
In accordance with National Instrument 62-103 and Section 102.1 of the Securities Act (Ontario), IAMGOLD has issued this news release and is concurrently filing an early warning report on Galane's SEDAR profile at www.sedar.com. |
