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B2Gold completes Nicaragua asset sale;,becomes Calibre's top shareholder

Oct. 16, 2019 8:01 AM ETB2Gold Corp. (BTG) Stock, CXBMF Stock, BTO:CA Stock, CXB:CA StockBy: Carl Surran, SA News Editor
  • 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.

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