IAMGOLD Corporation Completes Acquisition of Mines D'Or Orbec Inc.

Core Viewpoint - Mines D'Or Orbec Inc. has successfully completed a plan of arrangement with IAMGOLD Corporation, resulting in IAMGOLD acquiring all outstanding shares of Orbec, making it a wholly-owned subsidiary [1][2]. Transaction Details - IAMGOLD acquired all issued and outstanding common shares of Orbec at a total consideration of C$0.125 per Orbec Share, which includes 0.003466 of IAMGOLD common shares and C$0.0625 in cash per Orbec Share [2]. - In-the-money Orbec Options and Warrants were surrendered for cash payments based on the difference between their exercise prices and C$0.125, while out-of-the-money options and warrants were cancelled without payment [3][4]. Delisting and Reporting Status - Orbec Shares will be delisted from the TSX Venture Exchange and removed from the OTC Pink Limited Market, with an application to cease being a reporting issuer in British Columbia, Alberta, and Ontario [5]. Company Overview - Mines D'Or Orbec Inc. is a gold company with a significant mineral claim position near Chibougamau, Québec, covering approximately 25,250 hectares in the Abitibi Greenstone Belt, and is adjacent to IAMGOLD's Nelligan Gold Project [6]. - The exploration of the Muus Gold Project will continue in collaboration with IAMGOLD, which previously held about 9.9% of Orbec [6].