massive enormous divvy coming soon

ASX Announcement
22 June 2006
Sale of IAMGOLD Shares Realises
Profit of $38.5 million
Lion Selection Group Limited (Lion) acquired 4.9 million shares in IAMGOLD Corporation
(IAMG) in March 2006 as a result of a Scheme of Arrangement (Scheme) under which
IAMG acquired all shares in Gallery Gold Limited (Gallery). Lion held 108.3 million shares
in Gallery ($21.7 million investment).
Lion has now sold all of its IAMG shares at a price equivalent to 56¢ per Gallery share. As
a result Lion has realised a profit of $38.5 million pre-tax and $32.7 million post-tax.
At the time the IAMG/Gallery Scheme was announced in December 2005, the equivalent
Gallery price under the terms of the Scheme was 46¢.
Directors will consider a dividend to be paid from this profit in light of the company’s
investment requirements and other relevant issues, later in 2006.
IAMG is a company incorporated in Canada and listed on the Toronto Stock Exchange.
Enquiries:
Robin Widdup / Brooke Robertson
Lion Selection Group Limited
Tel: 61 3 9614 8008 Fax: 61 3 9614 8009
Email: [email protected]