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FL

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FL

Re: FL post# 657

Wednesday, 08/11/2004 2:00:31 PM

Wednesday, August 11, 2004 2:00:31 PM

Post# of 2138
Details on Iamgold (IMG.TO,IAG)- Gold Fields (GFI) deal

http://micro.newswire.ca/release.cgi?rkey=1208110276&view=8551-0&Start=0

http://micro.newswire.ca/release.cgi?rkey=1208110281&view=8551-0&Start=0

The new company proposed here (Gold Fields International) would not be just a West African company, but would include properties in Finnland, Australia, etc.

The hostile takeover offer from Golden Star (GSS) for Iamgold is still open, however. If it succeeds (instead of the Gold Fields deal) then the resulting company will be more purely West African. This is summarized by Iamgold's surly board as "Geographic diversity = Nil."

FL


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