07:18 AM EST, 01/03/2017 (MT Newswires) -- IAMgold's Trelawney Mining and Exploration Inc. (IMG.TO, IAG) returned near 1.2 million common shares of GoldON Resources Ltd. (GLD.V), representing 11.69% of the issued and outstanding common shares.

Pursuant to a definitive agreement entered into between the acquiror and the issuer on September 28, 2016, the issuer would sell, and the acquiror would acquire, a 100% interest in the issuer's Swayze Gold Project mining claims, which are located in the District of Sudbury in Northeastern Ontario and include the Chester, Mollie River and Neville-Potier claim blocks, in exchange for $300,000 in cash; forgiveness of a $125,000 promissory note issued by the Issuer to Trelawney; the return of 1,170,544 common shares to the issuer for cancellation; and an additional $800,000, if a storage facility or pond of any nature is constructed on the Swayze Gold Project for the purpose of storage of tailings derived from Trelawney's Cote Gold Project.

On December 30, 2016, the Sale Transaction closed and the Subject Shares were returned to the Issuer.

Price: 0.15, Change: 0, Percent Change: 0