IAMGOLD Corp (IAG) Gains 7.5M Common Stake in Stronghold Metals
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Price: $5.05 --0%
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 2.2%
EPS Growth %: -53.1%
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 2.2%
EPS Growth %: -53.1%
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IAMGOLD Corporation (NYSE: IAG) has indirectly acquired, through the acquisition by a 95% owned subsidiary, 7,500,000 common shares of Stronghold Metals Inc., on a prospectus exempt basis, as partial consideration under an earn-in agreement with Stronghold with respect to the Eagle Mountain exploration concession in Guyana.
IAMGOLD now indirectly owns, through its 95% owned subsidiary, 11,500,000 common shares of Stronghold or approximately 15.6% of the outstanding common shares.
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IAMGOLD now indirectly owns, through its 95% owned subsidiary, 11,500,000 common shares of Stronghold or approximately 15.6% of the outstanding common shares.
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