TORONTO, ONTARIO--(Marketwire - March 26, 2010) - IAMGOLD
Corporation
("IAMGOLD" or "the Company") (TSX:IMG)(NYSE:IAG)(BOTSWANA:IAMGOLD) announced
today that it has increased its US$140 million secured, revolving credit
facility to a US$350 million unsecured, revolving credit facility.
Additionally, the Company will enter into a US$50M facility ("LC Facility"),
supported by Export Development Canada ("EDC"), for the issuance of letters of
credit.
The increased credit
facility will expire in March 2013 and allows for increased financial capacity
under improved terms and conditions, with respect to adding non-equity capital
to the Company. The credit facility was led and arranged by Scotia Capital,
Société Générale and the Canadian Imperial Bank of Commerce. The new LC
Facility allows for the issuance of letters of credit in support of certain
asset retirement obligations of the Company and will be arranged by National
Bank of Canada with support provided by EDC.
Audited Year End Financial Statements &
Details of Annual General Meeting
The Company also
announced today that its 2009 annual audited financial statements and
management discussion and analysis have been filed with the appropriate
Canadian regulatory bodies. These filings are available through the Canadian
securities regulatory authorities at www.sedar.com.
The annual audited
financial statements and management discussion and analysis are also available
on the Company's website at www.iamgold.com. Hard copies of the
audited financial statements and accompanying notes are available, free of
charge, to shareholders upon written request.
The annual general
meeting of the Company's shareholders will be held on Wednesday, May 19, 2010
at 4:00 p.m. (Eastern Daylight Time) at the St. Andrew's Club and Conference
Centre, located at 150 King Street West, 16th floor. Shareholders
of record as at the close of business on April 13, 2010 are entitled to notice
of, and to vote at, the meeting.
Please
note:
This entire press
release may be accessed via fax, e-mail, IAMGOLD's website at www.iamgold.com
and through Marketwire's website at www.marketwire.com.
All material information on IAMGOLD can be found at www.sedar.com or at www.sec.gov.
Si vous désirez obtenir la version
française de ce communiqué, veuillez consulter le http://www.iamgold.com/French/Home/default.aspx.