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Bullboard - Stock Discussion Forum B2Gold Corp T.BTO

Alternate Symbol(s):  BTG

B2Gold Corp. is an international gold producer. The Company has operating gold mines in Mali, Namibia and the Philippines, the Goose Project under construction in northern Canada, and numerous development and exploration projects in various countries, including Mali, Colombia, and Finland. The Fekola Mine is located in southwest Mali, on the border between Mali and Senegal, approximately 500... see more

TSX:BTO - Post Discussion

B2Gold Corp > B2Gold and Sandbox Royalties Partner
View:
Post by Betteryear2 on Jun 06, 2024 6:59pm

B2Gold and Sandbox Royalties Partner

VANCOUVER, British Columbia, June 06, 2024 (GLOBE NEWSWIRE) -- B2Gold Corp. (TSX: BTO, NYSE AMERICAN: BTG, NSX: B2G) (“B2Gold” or the “Company”) is pleased to announce that it has entered into a purchase and sale agreement (the “Agreement”) to sell a portfolio of 10 precious and base metals royalties (the “Royalties”) to Sandbox Royalties Corp. (“Sandbox”), a private, returns-focused metals royalty company (the “Transaction”). In connection with the Transaction, Sandbox has been renamed Versamet Royalties Corporation (“Versamet”). All dollar figures are in United States dollars unless otherwise indicated.

B2Gold and Sandbox Royalties Partner to Create Versamet (globenewswire.com)
Comment by Singoa58 on Jun 06, 2024 9:26pm
Investors obviously not pleased on a huge gold day lol
Comment by Galvanizer on Jun 06, 2024 11:46pm
This is a related party transaction. It is a non-cash transaction. B2Gold owns 33% of this royalty company - Assumes issuance of 153.2 million shares to B2Gold in total, of which 122.0 million have been issued as of June 5, 2024 and a further 31.2 million are anticipated to be issued subject to certain pre-emptive rights not being exercised.  Investors Resources | Versamet Royalties ...more  
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