- B2Gold (NYSE:BTG) says it completed the sale of its El Limon and La Libertad gold mines, the Pavon gold project and other mineral concessions in Nicaragua to Calibre Mining (OTCQX:CXBMF) for $100M in cash and stock.
- The deal makes BTG Calibre's largest shareholder, with a ~31% stake vs. 11.9% before the close of the transaction.
- The two miners entered into an investor rights agreement which provides, among other things, that as long as BTG holds at least 10% of Calibre shares, it will have pro rata participation rights and piggyback registration rights.