On February 13, 2024, IAMGOLD Corporation (“IAMGOLD”) successfully completed the acquisition of Vanstar Mining Resources Inc. (“Vanstar”), according to a previously announced, court-approved plan of arrangement. Under the terms of the agreement, IAMGOLD acquired all of the issued and outstanding common shares of Vanstar for a total transaction value of approximately C$31 million.
IAMGOLD now owns a 100% interest in the Nelligan Gold Project, located 60 kilometres southwest of Chibougamau, Quebec, Canada. In addition, IAMGOLD acquired a 1% net smelter return (NSR) royalty on selected claims of Nelligan, as well as other earlier stage exploration properties in Northern Quebec.
Fasken advised IAMGOLD in connection with this transaction with a team comprised of Bradley Freelan, Alex Nikolic, Brandon Farber, Florind Polo, Victoria Zed and Greer Tanzer.
Jurisdictions
- Ontario
- Québec
