VANCOUVER, Nov. 26, 2019 /PRNewswire/ - B2Gold Corp. (TSX:
BTO, NYSE AMERICAN: BTG, NSX: B2G) ("B2Gold" or the
"Company") announces today that it acquired 17,618,667
common shares (the "Debenture Shares") of Calibre Mining
Corp. ("Calibre") on November 22,
2019, pursuant to the terms of a convertible debenture (the
"Debenture") issued by Calibre to B2Gold on October 15, 2019, as a portion of the purchase
consideration for B2Gold's interest in El Limon and La Libertad
mines, the Pavon Gold Project and additional mineral concessions in
Nicaragua and all related
facilities and equipment (the "Transaction").
Immediately prior to the acquisition of the Debenture Shares,
B2Gold held 93,331,666 common shares of Calibre (the "Calibre
Shares"), representing approximately 30.08% of the total issued
and outstanding Calibre Shares. As a result of the issuance of the
Debenture Shares, B2Gold now holds 110,950,333 Calibre Shares,
approximately 33.83% of the issued and outstanding Calibre Shares
(calculated as at November 22,
2019).
The Debenture Shares were acquired and are presently being held
for investment purposes and such shares were acquired pursuant to
the Transaction and upon the terms and conditions of the Debenture.
In the future, B2Gold will evaluate its investment in Calibre from
time to time and may, based on such evaluation, market conditions
and other circumstances, increase or decrease shareholdings as
circumstances require through market transactions, private
agreements or otherwise.
For further details of the Transaction, including the Debenture,
please refer to the Management Information Circular of Calibre
dated August 30, 2019, as
supplemented on October 4, 2019, and
available for viewing under Calibre's SEDAR profile at
www.sedar.com.
B2Gold is incorporated under the laws of British Columbia and the Company's head office
is located at Suite 3100, 595 Burrard Street, Vancouver, British Columbia, V7X 1J1.
Calibre's head office is located at Suite 413, 595 Burrard Street,
Vancouver, British Columbia, V7X
1J1. A copy of the Early Warning Report to which this news release
relates can be obtained from the Company's Corporate Secretary (+1
604-681-8371) or under Calibre's SEDAR profile at
www.sedar.com.
About B2Gold Corp.
Headquartered in Vancouver,
Canada, B2Gold Corp. is the world's new senior gold
producer. Founded in 2007, today, B2Gold has three operating gold
mines and numerous exploration and development projects in various
countries including Mali,
the Philippines, Namibia and Colombia.
On Behalf of B2GOLD CORP.
"Clive T. Johnson"
President & Chief Executive Officer
For more information on B2Gold, please visit the Company website
at www.b2gold.com or contact:
Ian
MacLean
|
Katie
Bromley
|
Vice President,
Investor Relations
|
Manager, Investor
Relations & Public Relations
|
+1
604-681-8371
|
+1
604-681-8371
|
imaclean@b2gold.com
|
kbromley@b2gold.com
|
The Toronto Stock Exchange and the NYSE American LLC neither
approve nor disapprove the information contained in this News
Release.
This news release includes certain "forward-looking
information" and "forward-looking statements" (collectively,
"forward-looking statements") within the meaning of applicable
Canadian and United States
securities legislation, including statements regarding the
intentions of the Company with respect to the Calibre Shares
presently held by the Company, any future acquisitions or
dispositions of Calibre Shares by the Company or its affiliates,
and the factors which may affect any decisions to pursue any such
acquisitions or dispositions. All such forward-looking statements
are based on the opinions and estimates of management as of the
date such statements are made. Forward-looking statements
necessarily involve assumptions, risks and uncertainties, certain
of which are beyond B2Gold's control, including factors identified
and described under the heading "Risk Factors" in B2Gold's most
recent Annual Information Form and the Company's other filings with
Canadian securities regulators and the United States Securities and
Exchange Commission, which may be viewed at www.sedar.com and
www.sec.gov, respectively. The list is not exhaustive of the
factors that may affect the Company's forward-looking statements.
There can be no assurance that such statements will prove to be
accurate, and B2Gold's eventual interest in Calibre could differ
materially from the intentions expressed in, or implied by, these
forward-looking statements. Accordingly, no assurance can be given
that any events anticipated by the forward-looking statements will
transpire or occur, or if any of them do, what benefits or
liabilities B2Gold will derive therefrom. The Company's
forward-looking statements reflect current expectations regarding
future events and speak only as of the date hereof and the Company
does not assume any obligation to update forward-looking statements
if circumstances or management's beliefs, expectations or opinions
should change other than as required by applicable law. For the
reasons set forth above, undue reliance should not be placed on
forward-looking statements.
View original
content:http://www.prnewswire.com/news-releases/b2gold-announces-early-warning-report-filed-pursuant-to-national-instrument-62-103-300965784.html
SOURCE B2Gold Corp.