All monetary amounts are expressed in U.S. dollars, unless otherwise indicated.

Toronto, Ontario--(Newsfile Corp. - February 13, 2024) - IAMGOLD Corporation (NYSE: IAG) (TSX: IMG) ("IAMGOLD" or the "Company") is pleased to announce the successful completion of the previously announced transaction with Vanstar Mining Resources Inc. ("Vanstar"), whereby IAMGOLD has acquired all of the issued and outstanding common shares of Vanstar (the "Vanstar Shares") pursuant to a court-approved plan of arrangement (the "Arrangement").

Pursuant to the Arrangement, former Vanstar shareholders received 0.2008 of an IAMGOLD common share (each whole common share of IAMGOLD, an "IAMGOLD Share") for each Vanstar Share. As a result of the Arrangement, IAMGOLD issued an aggregate of 11,989,406 IAMGOLD shares.

With the acquisition of Vanstar complete, 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% NSR royalty on selected claims of Nelligan, as well as other earlier stage exploration properties in Northern Quebec.

Trading of the Vanstar Shares on the TSX Venture Exchange (the “TSXV”) has been halted and will remain halted until the Vanstar Shares have been delisted from the TSXV, which is expected to be on February 15, 2024. The Vanstar Shares are also expected to be delisted from the OTCQX and the Frankfurt Stock Exchange. Following the delisting, Vanstar intends to submit an application to the applicable securities regulators in Canada to cease to be a reporting issuer.
see & rew=ead more on
https://www.newsfilecorp.com/release/197678/