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B2Gold Agrees to Sell Burkina Faso Projects to West African Resources
B2Gold Agrees to Sell Burkina Faso Projects to West African Resources PR Newswi...
About this update from B2gold Corp.
[{"type":"text","content":"\n \n \n \n B2Gold Agrees to Sell Burkina Faso Projects to West African Resources\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: TOP; TEXT-ALIGN: LEFT; BORDER-TOP:black 0pt initial; BORDER-RIGHT:black 0pt initial; BORDER-BOTTOM:black 0pt initial; BORDER-LEFT:black 0pt initial\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE; BORDER-TOP:0pt solid black; BORDER-RIGHT:0pt solid black; BORDER-BOTTOM:0pt solid black; BORDER-LEFT:0pt solid black\n}\n \n \n \n \n \n \n PR Newswire\n \n \n \n \n \n \n \n \n \n \n \n \n VANCOUVER, BC\n \n ,\n \n October 25, 2021\n \n /PRNewswire/ - B2Gold Corp. (TSX: BTO) (NYSE AMERICAN: BTG) (NSX: B2G) (\"\n \n B2Gold\n \n \") is pleased to announce that it has entered into a binding agreement with West African Resources Limited (ASX:WAF) (\"\n \n WAF\n \n \") dated\n \n October 25, 2021\n \n (the \"\n \n Kiaka Agreement\n \n \"), pursuant to which B2Gold has agreed to sell to WAF 100% of the issued and outstanding shares of Volta Resources (Cayman) Inc., the holder of an 81% interest in the Kiaka gold project located in\n \n Burkina Faso\n \n (the \"\n \n Kiaka Project\n \n \").  Under the terms of the Kiaka Agreement, B2Gold will receive the following consideration (the \"\n \n Kiaka Transaction\n \n \"):\n \n \n \n \n cash payment of\n \n US$450,000\n \n paid on execution of the Kiaka Agreement;\n \n \n \n \n \n US$45,000,000\n \n payable on closing of the Kiaka Transaction, comprised of 50% cash and 50% in WAF ordinary shares;\n \n \n \n \n \n US$45,000,000\n \n payable on the earlier of (i) commencement of construction at the Kiaka Project (provided such date will be a minimum of 6 months from the date of the Kiaka Agreement), (ii) completion of a positive feasibility study at the Kiaka Project, and (iii)\n \n October 25, 2022\n \n , in cash or WAF ordinary shares, at B2Gold's option but subject to any required WAF shareholder approval to issue WAF ordinary shares; and\n \n \n \n \...