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Iamgold

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Address: 3200 - 401 Bay St Toronto
ON M5H 2Y4
Phone: 416 360 4710
Fax: 416 360 4750
Website: https://www.iamgold.com

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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As of the closing date of the acquisition, the Cambior warrants were automatically replaced. Therefore, no action is required by holders of Cambior warrants. However, if holders of Cambior warrants wish to obtain a new Iamgold warrant certificate, please contact Computershare Trust Company's call centre toll-free at 1-800-564-6253.

Iamgold to list 20 million warrants on Nov. 9

2006-11-07 18:10 MT - Warrants Called to Trade
TSX bulletin 2006-1464
In anticipation of the plan of arrangement involving Cambior Inc. and Iamgold Corp. which is scheduled to become effective on Wednesday, Nov. 8, 2006, the 20 million common share purchase warrants in respect of 8.4 million common shares of Iamgold will be listed and posted for trading at the open on Thursday, Nov. 9, 2006, under the trading information set out below.

Warrant symbol: IMG.WT
Warrant Cusip No.: 450913 11 6

Designated market-maker: RBC Capital Markets

Pursuant to the proposed arrangement, each Cambior Series C common stock purchase warrant will be exchanged for one Iamgold warrant entitling its holder to subscribe to 0.42 common share of Iamgold at an exercise price of $3.75 until 5 p.m. (Toronto time) on Aug. 12, 2008.

Should the arrangement not become effective prior to 2 p.m. (Toronto time) on Wednesday, Nov. 8, 2006, the Toronto Stock Exchange will issue a trader note at that time announcing that the Iamgold warrants will be halted from trading at the open on Thursday, Nov. 9, 2006, and will remain halted until further notice. The trader note will also announce that trading will continue until further notice in the common shares of Cambior and the Cambior warrants under the current stock symbols and Cusip numbers. See elsewhere in today's TSX bulletins regarding the delisting of the Cambior common shares and Cambior warrants.

Certificates representing Cambior warrants will represent good delivery for trades made in the Iamgold warrants.

The Iamgold warrants are governed by the terms of a warrant indenture dated Nov. 6, 2006, between Iamgold and Computershare Trust Company of Canada, as trustee. The warrant indenture provides for appropriate adjustments to the rights of the holders of Iamgold warrants in the event of stock dividends, subdivisions, consolidations and other forms of capital reorganization.

No fractional Iamgold common share will be issued or otherwise provided for with regard to the exercise of Iamgold warrants and any resulting fractional Iamgold common share shall be rounded down or up, as appropriate, to the closest whole number, it being understood for greater certainty that 0.5 Iamgold common share shall be rounded down to the closest whole number.

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Warrant Terms

Expiration Date: The last day the warrants can be exercised. If warrants aren't going to be exercised then they must be sold the day before the expiry date. The longer the time to expiry the more valuable the warrants.

Leverage: A measure of how much you can increase your exposure to a share if you bought warrants instead of making a direct investment. It is the current share price divided by the current price of the warrant.

Intrinsic Value: The difference between the exercise price and the actual trading price of the common stock. Once the common has gone over the exercise price, the warrants are "In the Money."

Volatility: The higher the volatility rating, the higher the price of the warrant. Historical volatility is calculated by using the standard deviation of an underlying stock price over a specific period.

Time Value: The difference between the current warrant price and its intrinsic value. Interpreted as the consideration paid for the advantage the warrant buyer has over the direct investor.

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