Mosaic Minerals Corporation announced that it has completed a transaction to sell mining claims to IAMGOLD Corporation. The transaction consists of IAMGOLD acquiring 100% interest in 4 mining claims formerly part of the Opawica Property (Chibougamau mining camp) for a total aggregate purchase price of $150,000 payable to Mosaic according to the following schedule: $50,000 within 10 business days of the closing, $50,000 on or before the date that is one year following the closing date and $50,000 on or before the date that is 18 months following the closing date. Mosaic will also retain a 0.5% net smelter royalty on the 4 mining claims.