Toronto-based gold producer Iamgold Corp has entered into an agreement with a syndicate of underwriters who have agreed to buy 38.85-million common shares of the company on a bought-deal basis at a price of $5.15 each, for gross proceeds of about $200-million.
Should the over-allotment option be exercised in full, the dual-listed company would raise another $30-million, which it intended to use to strengthen its balance sheet by reducing indebtedness, and to fund future growth.
