Business
Early Warning Report Filed Pursuant to National Instrument 62-103
Vancouver, British Columbia--(Newsfile Corp. - June 15, 2018) - B2Gold Corp. (TSX: BTO) (NYSE ...
About this update from B2gold Corp.
[{"type":"text","content":"Early Warning Report Filed Pursuant to National Instrument 62-103Vancouver, British Columbia--(Newsfile Corp. - June 15, 2018) - B2Gold Corp. (TSX: BTO) (NYSE AMERICAN: BTG) (NSX: B2G) (\"B2Gold\" or the \"Company\") announces that it has sold its interest in the Mocoa Porphyry copper-molybdenum deposit in Colombia (the \"Property\") to Libero Copper Corporation (\"Libero\") for 10,400,000 Common shares of Libero and a 2% net smelter returns royalty on production generated on the Property.The receipt of the 10,400,000 Common shares of Libero on June 15, 2018 is pursuant to the terms of a share purchase agreement (the \"Agreement\") dated May 7, 2018, among the Company, Colombian Ventures Ltd., a wholly owned indirect subsidiary of the Company, Libero and Libero Resources Limited, a wholly owned subsidiary of Libero, at a deemed price of CDN$0.09 per share and an aggregate deemed price of CDN$936,000.In connection with this acquisition, the total holdings in the Common shares of Libero held by the Company represent approximately 19% of the outstanding Common shares of Libero as of the date hereof. Immediately before such acquisition, the Company held no Common shares of Libero.The Company is incorporated under the laws of British Columbia and the Company's head office is located at Suite 3100, Three Bentall Centre, 595 Burrard Street, Vancouver, British Columbia, V7X 1J1. The principal business of the Company is to acquire interests in mineral properties with demonstrated potential for hosting economic mineral deposits with gold deposits as the primary focus, to undertake exploration and drilling campaigns to define and develop resources and reserves on these properties and to develop, construct and operate mines on such properties.Libero's head office is located at Suite 2348 - 666 Burrard Street, Vancouver, British Columbia, V6C 2X8.The Common shares of Libero that the Company is receiving pursuant to the Agreement are presently being held for investment purposes. In the future, the Company may dispose of the Common shares of Libero presently held by the Company or may acquire (whether directly or indirectly) additional Common shares of Libero, subject to a number of factors, including, among others, general market and economic conditions and other investment and business opportunities.A copy of the Early Warning Report to whic...