EXECUTIVE
Exhibit 99.1
|
EXECUTIVE | ||
| August 27, 2004 | Gold Fields Limited | |
| Reg. 1968/004880/06 | ||
| IAMGOLD Corporation | 00 Xx Xxxxxxx Xxxx | |
| 000 Xxx Xxxxxx, 0xx Xxxxx | Xxxxxxxx, 0000 | |
| Toronto, Ontario | ||
| M5J 2W4 | Postnet Suite 252 | |
| Private Bag X30500 | ||
| Houghton, 2041 | ||
| South Africa | ||
| Attention: | Xxxxx Xxxxxxxx | Tel x00 00 000-0000 |
| Vice President, Corporate Affairs | Dir x00 00 000-0000 | |
| and Corporate Secretary | Fax x00 00 000-0000 | |
|
|
xxx.xxxxxxxxxx.xx.xx | |
Dear Sirs:
|
Re: |
Letter Agreement Between Gold Fields Limited | |||
|
and IAMGOLD Corporation | ||||
We refer to the letter agreement dated August 11, 2004 (the "Letter Agreement") between Gold Fields Limited and IAMGOLD Corporation. Capitalized terms used and not otherwise defined herein have the meanings given to them in the Letter Agreement.
The parties desire to amend certain of the dates set out in the Letter Agreement to permit certain disclosure and other requirements of applicable securities regulators to be fulfilled on a timely basis.
Accordingly, this letter confirms our mutual agreement as follows:
|
1. |
Definitive Agreement Deadline. The Definitive Agreement Deadline is hereby extended to September 30, 2004. | |||
|
| ||||
|
2. |
Shareholder Meeting Date. References in paragraphs 6(c) and 7(c) of the Letter Agreement to November 19, 2004 are hereby replaced with references to December 1, 2004. | |||
|
| ||||
|
3. |
Completion Date. Paragraph 11 of the Letter Agreement is hereby deleted in its entirety and replaced with the following: | |||
|
| ||||
|
"IAMGOLD and Gold Fields shall use their commercially reasonable efforts to complete the Transaction by December 8, 2004 (provided that IAMGOLD or Gold Fields shall be entitled at any time and from time to time to unilaterally extend the date by which the Transaction is to be completed to a date not later than December 31, 2004, with the date by which the Transaction is to be completed being the "Completion Date"). For greater certainty, in the event that the Transaction has not been completed by December 31, 2004, each of IAMGOLD and Gold Fields shall be entitled to terminate this agreement." | ||||
|
| ||||
|
The Letter Agreement shall in all other respects remain in full force and effect. | ||||
Directors: X X X Xxxxxxxx* (Chairman), X X Xxxxxx (Deputy Chairman), I D Xxxxxxxxx† (Chief Executive Officer), X X Xxxxxx, X X Xxxxxxx† (Chief Financial Officer), X Xxxxxx, X X XxXxxxx†, X X Xxxxxx‡, X X Xxxxxxx-Xxx†, X X Xxxx, X X X Xxxxxxx, X X xxx Xxxxxx, X X xxx Xxxxxxxxxxxx *Canadian, †British, ‡American, + Ghanaian Company Secretary: X Xxxxxx
|
| ||
We would appreciate it if you would indicate your agreement with the foregoing by signing this letter where indicated below and returning a copy of the signed letter to Gold Fields by 11:59 p.m. (Toronto time) today.
Yours truly,
GOLD FIELDS LIMITED
| By: | "signed" Xxx X. Xxxxxxxxx |
|
| |
| Xxx X. Xxxxxxxxx | |
| Chief Executive Officer | |
Agreed to as of this 27th day of August, 2004.
IAMGOLD CORPORATION
| By: | "signed" Xxxxx Xxxxxxxx |
|
| |
| Xxxxx Xxxxxxxx | |
| Vice President, Corporate Affairs and Corporate Secretary | |
