- B2Gold Corp. (BTO) has completed the acquisition of Oklo Resources Limited
- B2Gold has acquired 100 per cent of the fully-paid ordinary shares of Oklo in consideration for 0.0206 of a common share of B2Gold and A$0.0525 in cash for each Oklo share held
- Upon closing, B2Gold issued 10,742,814 B2Gold shares to Oklo shareholders, which represents about 1 per cent of the B2Gold shares on an undiluted basis
- In addition, B2Gold paid aggregate cash consideration of approximately A$27.4 million to Oklo shareholders
- About B2Gold Corp. is a low-cost international senior gold producer headquartered in Vancouver, Canada
- B2Gold Corp. opened trading at $4.48 per share
B2Gold Corp. (BTO) has completed the acquisition of Oklo Resources Limited.
B2Gold has acquired 100 per cent of the fully-paid ordinary shares of Oklo in consideration for 0.0206 of a common share of B2Gold and A$0.0525 in cash for each Oklo share held.
Upon closing, B2Gold issued 10,742,814 B2Gold shares to Oklo shareholders, which represents about 1 per cent of the B2Gold shares on an undiluted basis.
In addition, B2Gold paid aggregate cash consideration of approximately A$27.4 million to Oklo shareholders.
With the acquisition of Oklo, B2Gold now has an additional landholding of 1,405 km2 covering highly prospective greenstone belts in Mali, West Africa, including the Dandoko Project (550 km2), which now forms part of the Fekola Complex.
B2Gold is currently conducting a 2022 Mali drill program of approximately 161,000 metres with a budget of approximately US$35 million.
The mineral resources are distributed across the Seko, Koko, Disse and Diabarou deposits, all of which remain open and are expected to grow with ongoing exploration drilling both along strike and at depth.
The company expects that a diamond drill rig dedicated to the Dandoko project will be on-site by October 2022, with the objective of completing up to 4,000 metres of combined metallurgical and geotechnical drilling and the initial phase of strategic exploration drilling.
Subject to obtaining all necessary permits and completion of a final development plan, the company intends to commence its planned Phase I infrastructure development in the fourth quarter of 2022.
About B2Gold Corp. is a low-cost international senior gold producer headquartered in Vancouver, Canada.
B2Gold Corp. opened trading at $4.48 per share.
