Buyout offer followed by a squeeze-out for the common shares of EURO Ressources initiated by IAMGOLD France S.A.S.
January 24 2024 - 12:00AM
Buyout offer followed by a squeeze-out for the common shares of
EURO Ressources initiated by IAMGOLD France S.A.S.
BUYOUT OFFER FOLLOWED BY A SQUEEZE-OUT
FOR THE COMMON SHARES OF EURO RESSOURCES INITIATED BY IAMGOLD
FRANCE S.A.S
January 24, 2024
PRICE OF THE OFFER :EUR 3.50 per share PERIOD OF THE
OFFER : 10 trading days |
This news release has been prepared and is
published by EURO Ressources pursuant to articles 231-27 3° and
231-28 of the Autorité des marchés financiers
("AMF") General Regulations.
Availability of the information document
in response of EURO Ressources
Pursuant to article L. 621-8 of the French
Monetary and Financial Code and to article 231-26 of its General
Regulations, the AMF has, pursuant to the compliance decision of
January 23, 2024, delivered the visa n°24-009 as of January 23,
2024 on the information document in response prepared by EURO
Ressources to the buyout offer followed by a squeeze-out initiated
by IAMGOLD France S.A.S on EURO Ressources' shares.
The information document in response of the
company EURO Ressources is available on the internet website of the
company EURO Ressources (www.goldroyalties.com) and on the website
of the AMF (www.amf-france.org). Copies of the information document
in response may be obtained free of charge upon request to EURO
Ressources, 23, rue du Roule – 75001 Paris.
Availability of the document presenting
the other information relating to the legal, financial and
accounting characteristics of EURO Ressources
In accordance with the provisions of article
231-28 of the AMF General Regulations, the information relating to
the legal, financial and accounting characteristics of EURO
Ressources, which completes the information document in response,
was filed with the AMF on January 23, 2024.
This document is available in the same
conditions as the information document in response.
About EURO
EURO is a French company whose main assets are a
royalty on the Rosebel Gold Mine production in Suriname (the
“Rosebel Royalty”), a royalty on the Paul Isnard concessions, a
silver stream from a subsidiary of Orezone Gold Corporation
(“Orezone”) and marketable securities. Rosebel Gold Mines is
95%-owned and operated by Zijin Mining Group Co. Ltd. The existing
royalty on Rosebel held by EURO will remain an obligation of
IAMGOLD. The royalty on the Paul Isnard concessions is a net
smelter returns production royalty on future production of the Paul
Isnard concessions and an area of interest surrounding the
concessions in French Guiana, owned by the Montagne d’Or project
holding company which 44.99% is owned by Orea Mining Corp.
(“Orea”). The silver stream entitles EURO to receive 50% of the
payable silver production over the life of mine on Orezone’s
Bombore mine, located in Burkina Faso, West Africa.
EURO has approximately 62.5 million shares
outstanding. At December 31, 2023, IAMGOLD France S.A.S. (“IAMGOLD
France”), an indirect wholly owned subsidiary of IAMGOLD, owned 90%
of all issued outstanding shares of EURO. As at December 31, 2023,
IAMGOLD France held 56,242,153 shares representing 112,300,344
voting rights or 94.40% of the voting rights of EURO.
Statements Regarding Forward-Looking
Information: Some statements in this news release are
forward-looking statements. Investors are cautioned that
forward-looking statements are inherently uncertain and involve
risks and uncertainties. There can be no assurance
that future developments affecting the Company will be those
anticipated by management.
Not for distribution to United States newswire
services or for dissemination in the United States. The securities
referred to herein have not been registered under the United States
Securities Act of 1933, as amended (the Securities Act), and may
not be offered or sold in the United States or to a U.S. person
absent registration, or an applicable exemption from the
registration requirements of the Securities Act.
Additional information relating to
EURO Ressources S.A. is available on SEDAR at
www.sedar.com. Further requests for information should be addressed
to:
Tidiane BarryDirecteur GénéralTel: +1 450 677 0040Email:
tbarry@euroressources.net |
Sophie
HalléDirecteur Général DéléguéTel: +1 450 677 0040Email:
shalle@euroressources.net |
- PR 24-01EN 2024 01 24 PR EURO Response Notice Other
Information
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