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Warrants Alert


Capitalize on the Fastest Growing Sector of the Stock Market, Second Edition (Hardcover)
   by Andrew McHattie   Rating: ISBN-10: 027303751X

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Address: 3200 - 401 Bay St Toronto
ON M5H 2Y4
Phone: 416 360 4710
Fax: 416 360 4750

Warrant Symbol - IMG.WT
Number Trading - 20 million
Expiration Date - Aug. 12, 2008
Cusip - 450913 11 6
Exercise Price - $3.75

Warrants Called to Trade News:

Iamgold outlines Cambior warrant conversions

2006-11-17 08:14 MT - News Release
In Stockwatch news Nov. 8, 2006, Iamgold Corp. reported the successful completion of its transaction with Cambior Inc., by which the company acquired all the outstanding shares of Cambior. As part of the acquisition, all outstanding warrants exercisable for Cambior shares are exchangeable for warrants of the company on a one-for-one basis. Each Iamgold warrant is exercisable, upon payment of $3.75, for 0.42 of a common share of the company; however, no fractional shares will be issued and any resulting fractional share shall be rounded up or down to the nearest whole number. Effectively, every 2.38 Iamgold warrants are exercisable for one Iamgold share at a price of $8.93. All other terms and conditions of the Iamgold warrants are substantially the same as the terms and conditions of the Cambior warrants, including, without limitation, the expiry date of Aug. 12, 2008.

As of the closing date of the acquisition, 20 million Cambior warrants were cancelled in exchange for 20 million Iamgold warrants. The 20 million Iamgold warrants are exercisable for a total of 8.4 million common shares of the company. The Iamgold warrants are traded on the Toronto Stock Exchange under the symbol IMG.WT.

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