IAMGOLD acquires Merrex in an all-share transaction by way of a court-approved plan of arrangement

On February 28, 2017, IAMGOLD Corporation (“IAMGOLD”) acquired Merrex Gold Inc. (“Merrex”) in an all-share transaction, by way of a court-approved plan of arrangement under the Business Corporations Act (British Columbia) on the basis of 0.0433 of an IAMGOLD common share for each issued and outstanding common share of Merrex. As a result of completion of the transaction, IAMGOLD now owns, directly or indirectly, 100% of the Siribaya-Diakha project in Mali and its gold resource. IAMGOLD was advised by a team from Fasken Martineau that included John Turner, Aaron Atkinson, Bradley Freelan, Daye Kaba, Steve Saville, David Steinhauer, Mariko Rivers (M&A/Corporate), Mitchell Thaw (Tax), Mark Pontin and Murray Brathwaite (Litigation).