Orezone Obtains Final Court Approval for IAMGOLD Transaction

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Clavis

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Orezone Obtains Final Court Approval for IAMGOLD Transaction

posted on Feb 20, 2009 12:00PM

February 20, 2009

Orezone Obtains Final Court Approval for IAMGOLD Transaction

TORONTO, ONTARIO and OTTAWA, ONTARIO--(Marketwire - Feb. 20, 2009) - IAMGOLD Corporation (TSX:IMG)(NYSE:IAG)(BOTSWANA:IAMGOLD) and Orezone Resources Inc. (TSX:OZN)(NYSE Alternext US:OZN) ("Orezone") jointly announced today that the Ontario Superior Court of Justice has issued a final order approving the terms of the arrangement with IAMGOLD.

Under the terms of the arrangement, Orezone shareholders will receive 0.08 common shares of IAMGOLD plus 0.125 of a share of the new exploration company, Orezone Gold Corporation, for each Orezone share held. The TSX has conditionally approved the listing of Orezone Gold Corporation under the ticker symbol "ORG".

The arrangement is expected to close on February 25, 2009.

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