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B2Gold Completes the Sale of Burkina Faso Projects
B2Gold Completes the Sale of Burkina Faso Projects Canada NewsWire VA...
About this update from B2gold Corp.
[{"type":"text","content":"\n \n \n \n B2Gold Completes the Sale of Burkina Faso Projects\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{\nBORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; BORDER-BOTTOM:black 0pt; PADDING-LEFT:0.50em; BORDER-LEFT:black 0pt; PADDING-RIGHT:0.50em\n}\n.prnsbt0{\nBORDER-TOP:0pt\n}\n.prnsbr0{\nBORDER-RIGHT:0pt\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prnsbl0{\nBORDER-LEFT:0pt\n}\n.prnsbb0{\nBORDER-BOTTOM:0pt\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n VANCOUVER, BC\n \n ,\n \n November 30, 2021\n \n /CNW/ - B2Gold Corp. (TSX: BTO) (NYSE AMERICAN: BTG) (NSX: B2G) (\"\n \n B2Gold\n \n \") is pleased to announce that it has completed the sale of its 81% interest in the Kiaka gold project located in\n \n Burkina Faso\n \n (the \"\n \n Kiaka Project\n \n \") to West African Resources Limited (ASX:WAF) (\"\n \n WAF\n \n \")(the \"\n \n Kiaka Transaction\n \n \"). Pursuant to the terms of the Kiaka Transaction, on closing B2Gold received a cash payment of\n \n US$22.5 million\n \n (in addition to the\n \n US$450,000\n \n already received), 22,190,508 ordinary shares of WAF (\"\n \n WAF Shares\n \n \"), and a 2.7% net smelter return (\"\n \n NSR\n \n \") 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\n \n US$45 million\n \n (the \"\n \n Additional Payment\n \n \") payable on the earlier of (i) commencement of construction at the Kiaka Project (provided such date will no earlier than\n \n April 25, 2022\n \n ), (ii) completion of a positive feasibility study at the Kiaka Project, and (iii)\n \n October 25, 2022\n \n . 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.\n \n \n Concurrently with the closing of the Kiaka Project, B2Gold also completed the sale of its 90% interest in the Toega gold project located in\n \n Burkina Faso\n \n (the \"\n \n Toega Project\n \n \") to WAF (...