Business
B2Gold Corp. to Acquire Oklo Resources Limited and its Extensive Land Package near the Fekola Mine
B2Gold Corp. to Acquire Oklo Resources Limited and its Extensive Land Package near the Fe...
About this update from B2gold Corp.
[{"type":"text","content":"\n \n \n \n B2Gold Corp. to Acquire Oklo Resources Limited and its Extensive Land Package near the Fekola Mine\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 \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n May 26, 2022\n \n \n /CNW/ - B2Gold Corp. (TSX: BTO), (NYSE AMERICAN: BTG), (NSX: B2G) (\"\n \n B2Gold\n \n \") is pleased to announce that it has entered into a definitive Scheme Implementation Agreement (\"\n \n Agreement\n \n \") with Oklo Resources Limited (ASX: OKU) (\"\n \n Oklo\n \n \") pursuant to which B2Gold has agreed to acquire 100% of the fully paid ordinary shares of Oklo (the \"\n \n Oklo Shares\n \n \") in consideration for 0.0206 of a common share of B2Gold (each whole share, a \"\n \n B2Gold Share\n \n \") and\n \n A$0.0525\n \n in cash for each Oklo Share held (\"\n \n Scheme Consideration\n \n \"). The Scheme Consideration represents a purchase price of approximately\n \n A$0.1725\n \n for each Oklo Share and values the transaction at approximately\n \n A$91.3 million\n \n (including up to approximately\n \n A$27.4 million\n \n cash consideration). The transaction as contemplated by the Agreement (the \"\n \n Transaction\n \n \") will be implemented by way of a scheme of arrangement pursuant to Part 5.1 of the Australian\n \n Corporations Act 2001 (Cth)\n \n (\"\n \n Scheme\n \n \"). Upon implementation of the Scheme, in addition to the cash consideration, B2Gold expects to issue up to 10,754,284 B2Gold Shares to Oklo shareholders, representing approximately 1% of the B2Gold Shares on an undiluted basis.\n \n \n The acquisition of Oklo is expected to provide B2Gold with an additional landholding of 1,405 km\n \n 2\n \n covering highly prospective greenstone belts in\n \n Mali\n \n ,\n \n West Africa\n \n , including Oklo's flagship Dandoko Project (550 km\n \n 2\n \n ). The Oklo properties are located on a subparallel, north-trending structure east of the prolific Senegal-Mali Shear Zone, approximately 25 kilometres from the Fekola Mine and approximately 25 kilometres from the Anaconda area, where B2Gold is currently...