B2Gold Edges Up After Hours as it Closes the Sale of Two Burkina Faso Projects
4:54PM ET on Tuesday Nov 30, 2021 by MT Newswires
04:54 PM EST, 11/30/2021 (MT Newswires) -- B2Gold (BTO.TO) edged higher in after hours New York trading after the company on Tuesday said it completed the sale of two Burkina Faso projects to West African Resources sale of its 81% stake in the Kiaka...
-- B2Gold Brief: Says Completesd Sale of Burkina Faso Project
4:42PM ET on Tuesday Nov 30, 2021 by MT Newswires
04:42 PM EST, 11/30/2021 (MT Newswires) -- Price: 5.22, Change: -0.07, Percent Change: -1.32 ...
BRIEF-B2gold Completes The Sale Of Burkina Faso Projects
4:40PM ET on Tuesday Nov 30, 2021 by Thomson Reuters
Nov 30 (Reuters) - B2Gold Corp:
* B2GOLD COMPLETES THE SALE OF BURKINA FASO PROJECTS
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B2Gold Completes the Sale of Burkina Faso Projects
4:40PM ET on Tuesday Nov 30, 2021 by CNW Group
B2Gold Corp. (TSX: BTO) (NYSE AMERICAN: BTG) (NSX: B2G) ("B2Gold") is pleased to announce that it has completed the sale of its 81% interest in the Kiaka gold project located in Burkina Faso (the "Kiaka Project") to West African Resources Limited (ASX:WAF) ("WAF")(the "Kiaka Transaction"). Pursuant to the terms of the Kiaka Transaction, on closing B2Gold received a cash payment of US$22.5 million (in addition to the US$450,000 already received), 22,190,508 ordinary shares of WAF ("WAF Shares"), and a 2.7% net smelter return ("NSR") royalty interest on the first 2,500,000 ounces of gold produced at the Kiaka Project and thereafter a 0.45% NSR royalty interest on the next 1,500,000 ounces of gold produced. B2Gold will also receive an additional payment of US$45 million (the "Additional Payment") payable on the earlier of (i) commencement of construction at the Kiaka Project (provided such date will no earlier than April 25, 2022), (ii) completion of a positive feasibility study at the Kiaka Project, and (iii) October 25, 2022. The Additional Payment will be paid in cash or WAF Shares, at B2Gold's option but subject to any required WAF shareholder approval to issue the WAF Shares.