All monetary amounts are expressed in U.S. dollars, unless otherwise indicated.

TORONTO , Aug. 16, 2016 /CNW/ - IAMGOLD Corporation ("the Company") announces that it has closed a previously announced bought deal offering at a price of $5.15 per common share (the "Offering Price"). The underwriters have exercised the over-allotment option in full to purchase an additional 5,827,500 common shares at the Offering Price. As a result, a total of 44,677,500 common shares were sold in the offering for aggregate gross proceeds of $230 million .

The shares were purchased on a bought deal basis by a syndicate of underwriters led by TD Securities Inc. , National Bank Financial Inc. and Morgan Stanley Canada Ltd. , which included Citigroup Global Markets Canada Inc. , Deutsche Bank Securities Inc. , GMP Securities L.P. , Canaccord Genuity Corp. , CIBC World Markets Inc. , Cormark Securities Inc. , Paradigm Capital Inc. , Raymond James Ltd. , Scotia Capital Inc. , Credit Suisse Securities (Canada), Inc. and Macquarie Capital Markets Canada Ltd.

About IAMGOLD
IAMGOLD is a mid-tier mining company with four operating gold mines on three continents. A solid base of strategic assets in Canada , South America and Africa is complemented by development and exploration projects and continued assessment of accretive acquisition opportunities. IAMGOLD is in a strong financial position with extensive management and operational expertise.

SOURCE IAMGOLD Corporation