IAMGOLD acquires stake in Merrex Gold Inc

Posted By: Religare
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IAMGOLD acquires stake in Merrex Gold Inc
IAMGOLD acquired stake in Merrex Gold Inc. Merrex Gold is a 50% earn-in partner to IAG Siribaya Gold Project in Western Mali.

The private placement of 4,545,455 common shares at $0.55 per share was for a total of C$ 2,500,000. IAG will hold 13,116,883 common shares of Merrex, representing 11.37% of the Canadian company"s issued capital.

Read more about: acquisition, merrex, iamgold, future
Story first published: Wednesday, May 4, 2011, 9:30 [IST]
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