FINANCING
Toronto-based gold producer Iamgold has entered into an agreement with a syndicate of underwriters that has 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 overallotment option be exercised in full, the dual-listed company will raise another $30-million, which it intends to use to fund future growth and to strengthen its balance sheet by reducing indebtedness.
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