Mines D'Or Orbec Inc. Securityholders Approve Acquisition by IAMGOLD Corporation
IAMGOLDIAMGOLD(US:IAG) TMX Newsfile·2025-12-15 21:00

Core Viewpoint - Mines D'Or Orbec Inc. has received overwhelming approval from its securityholders for the acquisition by IAMGOLD Corporation, indicating strong support for the proposed arrangement [1][2]. Group 1: Acquisition Details - The special resolution for the acquisition was approved by 99.96% of votes from shareholders present or represented by proxy [2]. - Under the arrangement, shareholders will receive a total consideration of $0.125 per Orbec share, which includes 0.003466 of a common share of IAMGOLD and $0.0625 in cash for each Orbec share [3]. - The arrangement is expected to close around December 22, 2025, pending the satisfaction of all conditions [5]. Group 2: Shareholder Participation - A total of 58,372,757 votes were cast by shareholders, representing approximately 53.59% of all issued and outstanding Orbec shares as of the record date [2]. - The approval also included 99.97% of votes from shareholders, optionholders, and warrantholders voting as a single class [2]. Group 3: Future Steps - Orbec will seek a final order from the Ontario Superior Court of Justice to approve the arrangement, with a hearing expected on or about December 18, 2025 [5]. - Further details regarding the arrangement and payment procedures are available in the company's management information circular dated November 10, 2025 [4]. Group 4: Company Background - Mines D'Or Orbec Inc. owns 100% of a mineral claim position near Chibougamau, Québec, covering approximately 25,250 hectares and is prospective for gold mineralization [6]. - The company is collaborating with IAMGOLD on the exploration of the Muus Gold Project, which is adjacent to IAMGOLD's Nelligan Gold Project [6].