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Iamgold announces deals to acquire Northern Superior Resources and Mines D'Or Orbec
- Iamgold Corp. announced deals to acquire Northern Superior Resources Inc. and Mines D'Or Orbec Inc. to consolidate its holdings in Quebec's Chibougamau region.
- The acquisition of Northern Superior Resources is valued at about $375 million, offering shareholders 0.0991 of an Iamgold share and 19 cents in cash per share.
- Iamgold will also acquire Mines D'Or Orbec Inc. in a deal valued at $17.2 million, including the 6.7 percent stake it holds already.
- Orbec shareholders will receive 6.25 cents and 0.003466 of an Iamgold share per Orbec share they hold.
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Canadian gold producer Iamgold announces its intention to acquire the Quebec exploration company Northern Superior for an amount equivalent to 375 million.
·Montreal, Canada
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Winnipeg Free Press+6 Reposted by 6 other sources
Iamgold announces deals to acquire Northern Superior Resources and Mines D'Or Orbec
Breaking News, Sports, Manitoba, Canada
·Winnipeg, Canada
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IAMGOLD Strengthens Quebec Gold Portfolio with Strategic Acquisitions of Northern Superior and Orbec
IAMGOLD (TSX:IMG,NYSE:IAG) is tightening its grip on one of Quebec’s most promising gold districts with back-to-back acquisitions aimed at consolidating control over a vast stretch of the Chibougamau region. In the span of two days, the mid-tier gold producer announced definitive agreements to acquire Northern Superior Resources Inc. (TSXV:SUP,OTCQB:NSUPF) and Mines d’Or Orbec (TSXV:BLUE), with both deals collectively expanding its landholding t…
Coverage Details
Total News Sources18
Leaning Left5Leaning Right1Center3Last UpdatedBias Distribution56% Left
Bias Distribution
- 56% of the sources lean Left
56% Left
L 56%
C 33%
11%
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