IAMGOLD subsidiary buys shares in local gold exploration concession

Gold miner IAMGOLD through one of its subsidiaries has acquired a number of shares in Stronghold Metals Inc with respect to the Eagle Mountain exploration concession here.

A release yesterday from PR Newswire stated that IAMGOLD secured 7,500,000 common shares of Stronghold Metals Inc. on a prospectus exempt basis, as partial consideration under an earn-in agreement with Stronghold with respect to the Eagle Mountain exploration concession in Region Eight (Potaro/Siparuni) Guyana (the “Earn-In Agreement”).

IAMGOLD said according to the press release that it now indirectly owns, through its