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IAMGOLD Corporation

10:14 AM EST - IAMGOLD Corporation : announced that it has completed the sale of its Mupane Gold Mine in Botswana to Galane Gold Ltd. IAMGOLD received total consideration of $34.2 million, after adjustments, consisting of $12.5 million in cash, $17.9 million in common shares of Galane Gold and a $3.8 million promissory note, payable over three years at an annual interest rate of 6%. IAMGOLD Corporation shares T.IMG are trading down $0.20 at $20.11.