Merrex Gold Inc. (TSX VENTURE:MXI) reported that IAMGOLD Corporation has exercised all of its outstanding share purchase warrants.
The press release is quoted as saying:
Merrex holds a 100% interest in an 800 square kilometre land package located in west Mali, Africa. The Siribaya Gold Project is joint exploration project funded by IAMGOLD Corporation, managed by a joint IAMGOLD-Merrex management team and operated by Merrex. IAMGOLD may earn up to 50% interest in the Siribya Gold Project by expending Can$10.5 Million over four years.
