B2Gold Corp.

Published : April 09th, 2012

Joint News Release B2Gold Corp. Acquires Trebol and Pavon Properties in Nicaragua

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
To view this email as a web page, go here.
Home Corporate Core Assets Joint Ventures Investors News

 

News Release

April 9, 2012
 
Visit the Gold Group Website
Contact Us
Joint News Release
B2Gold Corp. Acquires Trebol and Pavon Properties in Nicaragua

Vancouver, April 9, 2012 � B2Gold Corp. (TSX: BTO, OTCQX: BGLPF) (�B2Gold�) and Radius Gold Inc. (TSX-V: RDU) (�Radius�), are pleased to announce that the two companies have entered into a binding letter agreement pursuant to which B2Gold has agreed, among other things, to acquire a 100% interest in the Trebol and El Pavon gold properties in Nicaragua in consideration of C$20 million, payable in common shares of B2Gold at a price per share equal to the volume weighted average price of B2Gold�s common shares on the Toronto Stock Exchange (�TSX�) for the ten trading days immediately preceding the date of the letter agreement. In addition, B2Gold has agreed to make contingent payments to Radius of US$10 per ounce of gold on 40% of any proven and probable mineral reserves in excess of 500,000 ounces (on a 100% basis). Based on a previous joint venture agreement with Radius, B2Gold had earned a 60% interest in the Trebol and Pavon properties by expending a total of US$4 million on exploration, resulting in a 60% - 40% B2Gold � Radius joint venture.
The completion of the transaction is subject to a number of conditions, including the completion by B2Gold of satisfactory due diligence by May 6, 2012, the negotiation and execution of a definitive purchase agreement and the approval of all relevant regulatory authorities, including the approval of the TSX for the listing of the common shares of B2Gold to be issued in connection with the transaction.
 
B2Gold and Radius have also agreed to enter into a joint venture agreement on 60% - 40% basis with respect to each of the San Jose and La Magnolia properties in Nicaragua and continue jointly exploring the properties with B2Gold and Radius contributing 60% and 40% respectively, of the exploration expenditures of each joint venture.
 
In connection with the proposed transaction, B2Gold and Radius will terminate all other aspects of the existing option and joint venture arrangements entered into between the parties in December 2009 in respect of the Trebol, El Pavon and San Pedro exploration properties.

About B2Gold Corp.

B2Gold is well positioned to continue its growth as an intermediate gold producer from existing projects given the proven technical team; strong operational and financial performance; and high quality development and exploration projects. Based on current assumptions, B2Gold is projecting gold production to grow to over 450,000 ounces per year by 2016. With B2Gold�s strong cash position and impressive projected cash from mining operations, B2Gold expect to be able to continue to fund all planned development, exploration and capital expenditures in 2012 without requiring external funding, and end the year in a strong financial position. In addition, B2Gold will continue to pursue accretive acquisitions and carry out our aggressive exploration programs. B2Gold trades on the Toronto Stock Exchange under the symbol �BTO� and on the OTCXQ under the symbol �BGLPF�.
 
About Radius Gold Inc.
 
Radius has been exploring for gold in Latin America for nearly a decade. It has assembled interests in a portfolio of promising gold projects throughout the region, including carried stakes in two small-scale developing gold projects in Guatemala and Nicaragua, and a number of 100% owned exploration plays, including the HB property in Guatemala.
 
 
On Behalf of B2GOLD CORP.                                               On Behalf of RADIUS GOLD INC.
 
�Clive T. Johnson�                                                                            � Simon Ridgway
President and Chief Executive Officer                                        Chairman and Chief Executive Officer
 
For more information on B2Gold please visit B2Gold�s web site at www.b2gold.com or contact:
 
Ian MacLean                                                                                       Kerry Suffolk
Vice President, Investor Relations                                    Manager, Investor Relations
604-681-8371                                                                                      604-681-8371
 
For more information on Radius Gold please visit Radius Gold�s web site at www.radiusgold.com or contact:
 
Investor relations:  Jaclyn Ruptash
Tel: 604-801-5432
Toll Free: 1-888-627-9378
Email: info@radiusgold.com
 
The Toronto Stock Exchange neither approves nor disapproves the information contained in this News Release. 

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.
 
The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
 
Some of the statements contained in this release are forward-looking statements, such as estimates and statements that describe B2Gold�s or Radius� future plans, objectives or goals, including words to the effect that B2Gold or Radius or their respective management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements.
   
Radius Gold | Fortuna Silver Mines | Focus Ventures | Iron Creek Capital | Western Pacific Resources | Emerick Resources | Wesgold Minerals

 
 



Data and Statistics for these countries : Canada | Guatemala | Nicaragua | All
Gold and Silver Prices for these countries : Canada | Guatemala | Nicaragua | All

B2Gold Corp.

PRODUCER
CODE : BTO.TO
ISIN : CA11777Q2099
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

B2Gold is a gold producing company based in Canada.

Its main assets in production are LIMON and LIBERTAD MINE in Nicaragua, its main assets in development are OROSI in Nicaragua and GRAMALOTE in Colombia and its main exploration properties are MOCOA and QUEBRADONA in Colombia, SAN PEDRO, CALIBRE, TREBOL, EL PAVON and MESTIZA-LA INDIA in Nicaragua, BELLAVISTA in Costa Rica and CEBOLLATI in Uruguay.

B2Gold is listed in Canada and in United States of America. Its market capitalisation is CA$ 4.1 billions as of today (US$ 3.0 billions, € 2.7 billions).

Its stock quote reached its lowest recent point on October 24, 2008 at CA$ 0.30, and its highest recent level on August 07, 2020 at CA$ 9.99.

B2Gold has 973 449 984 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
In the News and Medias of B2Gold Corp.
5/24/2019B2Gold said to be in talks to buy Zimbabwe gold project
3/27/2019B2Gold goes ahead with $50 million expansion of Fekola mine
12/24/2014One employee shot dead at B2Gold Masbate project in the Phil...
Annual reports of B2Gold Corp.
2008 Annual report
Financials of B2Gold Corp.
4/1/2011Record Fourth Quarter and 2010 Financial Results
1/29/2011Reports on Fourth Quarter 2010 Gold Production ...
1/29/2011Reports on Fourth Quarter 2010 Gold Production ...
1/29/2011Reports on Fourth Quarter 2010 Gold Production ...
Project news of B2Gold Corp.
10/14/2015B2Gold says to restart operations at Nicaragua mine
10/7/2015Policeman dies amid labor dispute at Nicaragua gold mine
2/18/2014(Calibre)Calibre and B2Gold Initiate Trenching Program on the Minneso...
10/7/2013(Calibre)Calibre and B2Gold Sampling Expands Mineralized Zone at the ...
9/10/2013(Calibre)Calibre Mining and B2Gold Sign Definitive Joint Venture Agre...
1/29/2013Completes Earn Into 51% and Approves Initial $2.0 Million Ph...
2/22/2012(Trebol)Radius & B2Gold Provide Trebol Update: Strong Gold-in-Soil A...
9/19/2011(Gramalote)Gramalote Exploration and Prefeasibility Update
9/16/2011(Cebollati)Cebollati Exploration Results
9/15/2011(Libertad Mine)La Libertad Exploration Results
1/22/2010(Orosi)Exploration Results Near the Orosi Mine, Nicaragua
1/19/2010(Kupol)Kupol West Drill Results Confirm the Presence of Multiple Go...
11/16/2009(Limon)The Limon Mine Labour Dispute Has Been Resolved and the Min...
1/26/2009(Gramalote)Announces an Updated Resource Calculation for the Gramalote ...
1/20/2009(Mocoa)Announces Positive Results from the Diamond Drill Program at...
1/12/2009(Gramalote)Announces Continued Positive Exploration Drill Results from ...
12/18/2008(Quebradona)Announces Additional Positive Exploration Drill Results from...
9/4/2008(Gramalote)Announces a New Gold Discovery at the Gramalote Property in ...
8/5/2008(Quebradona)Announces Continued Positive Exploration Drill Results . . .
7/3/2008(Mocoa)Announces Commencement of Diamond Drill Program at the Moco...
5/28/2008(Quebradona)Announces Positive Stage One Exploration Drill Results From ...
Corporate news of B2Gold Corp.
7/29/2016B2Gold Corp.: Second Quarter and First-Half 2016 Results/Con...
7/29/2016ASX Quarterly Report - June 2016
7/13/2016B2Gold Corp. Achieves Record Second Quarter and First-Half 2...
6/29/2016B2Gold 2016 Exploration Update: West Africa
6/15/2016B2Gold Corp. Announces Results of Vote for Election of Board...
6/9/2016B2Gold Corp.: Notice of 2016 Annual General Meeting - Confer...
5/12/2016B2Gold Corp. Reports First Quarter Results 2016
4/28/2016B2Gold Corp. Reports Quarterly Gold Production for First Qua...
1/22/2016B2Gold Corp. Announces Casualty at the Otjikoto Mine
1/20/2016B2Gold 2015 Exploration Update: High Grade Step Out and Infi...
1/19/2016B2Gold Corp. Announces Filing of Final Base Shelf Prospectus
1/19/2016B2Gold Corp. Reports Record Fourth Quarter and Full-Year 201...
1/14/2016B2Gold Corp. Reports Record Fourth Quarter and Full-Year 201...
12/14/2015B2Gold Corp. Announces Filing of Preliminary Base Shelf Pros...
12/14/2015Ground-Breaking of B2Gold Corp.'s Fekola Project, Mali
10/21/2015Wednesday, October 21, 2015B2Gold Corp. Achieves Record Thir...
10/21/2015B2Gold Corp. Achieves Record Third Quarter and Year-to-Date ...
10/19/2015Edited Transcript of BTO.TO earnings conference call or pres...
10/13/2015Nicaraguan government denies permit to B2Gold mining project
10/7/2015Wednesday, October 7, 2015B2Gold Corp.: El Limon Mine Update...
10/5/2015Monday, October 5, 2015B2Gold Corp.: El Limon Mine Update do...
10/5/2015B2Gold Corp.: El Limon Mine Update
9/11/2015S&P Dow Jones Indices Announces Changes to the S&P/TSX Canad...
8/13/2015B2Gold reports 2Q loss
8/13/2015Thursday, August 13, 2015B2Gold Reports Second Quarter 2015 ...
8/13/2015B2Gold Reports Second Quarter 2015 Results
8/11/2015B2Gold Corp.: Second Quarter Results Conference Call
7/25/2015Saturday, July 25, 2015B2Gold Announces Filing of Technical ...
7/24/2015B2Gold Announces Filing of Technical Report on the Fekola Pr...
7/23/2015Thursday, July 23, 2015B2Gold Corp. Achieves Record Second Q...
7/23/2015B2Gold Corp. Achieves Record Second Quarter and First-Half 2...
7/17/2015Friday, July 17, 2015B2Gold Corp. Announces Results of Vote ...
7/17/2015B2Gold Corp. Announces Results of Vote for Election of Board...
4/15/2015Wednesday, April 15, 2015B2Gold Corp. Reports Record Quarter...
4/15/2015B2Gold Corp. Reports Record Quarterly Gold Production for Fi...
4/15/2015Reports Record Quarterly Gold Production for First Quarter 2...
3/16/2015CANADA STOCKS-TSX set to open higher
3/13/2015Friday, March 13, 2015B2Gold Corp. Achieved Record 2014 Quar...
3/13/2015B2Gold Corp. Achieved Record 2014 Quarterly/Full Year Produc...
3/10/2015Tuesday, March 10, 2015B2Gold Corp. Announces Commercial Gol...
3/10/2015B2Gold Corp. Announces Commercial Gold Production Ahead of S...
2/19/2015B2Gold Corp.: Fourth Quarter and Year End 2014 Results Confe...
1/21/2015B2Gold Corp. Achieves Record 2014 Fourth Quarter and Full-Ye...
1/20/2015B2Gold Announces Updated Higher Grade Gold Resource at Wolfs...
12/23/2014Tuesday, December 23, 2014Fourth Quarter Update at B2Gold Co...
12/23/2014Fourth Quarter Update at B2Gold Corp.'s Masbate Gold Mine
12/11/2014Thursday, December 11, 2014B2Gold Announces First Gold Pour ...
12/11/2014B2Gold Announces First Gold Pour at Otjikoto Ahead of Schedu...
12/9/2014Tuesday, December 9, 2014B2Gold Corp.: Masbate Mine Operatin...
12/9/2014B2Gold Corp.: Masbate Mine Operating Normally Following Typh...
11/14/2014B2Gold Reports 2014 Third Quarter Operational and Financial ...
10/28/2014B2Gold Reports 2014 Third Quarter Gold Production and Revenu...
10/24/2014Friday, October 24, 2014B2Gold Corp.: Third Quarter 2014 Res...
10/24/2014B2Gold Corp.: Third Quarter 2014 Results Conference Call
10/3/2014B2Gold Corp. and Papillon Resources Limited Complete Merger
9/22/2014B2Gold Corp.: Scheme of Arrangement Receives Final Court App...
9/12/2014B2Gold Corp. Shareholders Overwhelmingly Approve the Merger ...
8/15/2012Latest Research - Delivering another solid quarter
4/26/2012(Calibre)Calibre and B2Gold Advance the Minnesota Gold-Copper Project...
4/9/2012(Trebol)Joint News Release B2Gold Corp. Acquires Trebol and Pavon Pr...
5/4/2011Reports First Quarter 2011 Gold Production, Provides Explora...
7/26/2010Sells Interest in Kupol East and West Licenses in Russia to ...
6/21/2010Additional Positive Exploration Results ...
6/15/2010Annual General and Special Meeting Conference Call and Webca...
5/11/2010Corporate Update
8/5/2009Announces Exercise of Over-Allotment Option
7/22/2009Completes $25 Million Common Share Offering
5/20/2009May 19-09
2/9/2009Feb 9
1/27/2009Proposes a Superior Business Combination to Central Sun
7/16/2008Issue of Shares
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TORONTO (BTO.TO)NYSE (BTG)
4.23+0.71%3.13+0.64%
TORONTO
CA$ 4.23
10/04 17:00 0.030
0.71%
Prev close Open
4.20 4.21
Low High
4.21 4.34
Year l/h YTD var.
3.19 -  4.54 1.44%
52 week l/h 52 week var.
3.19 -  4.65 9.02%
Volume 1 month var.
3,068,741 18.16%
24hGold TrendPower© : 40
Produces Gold
Develops Gold
Explores for Copper - Gold - Molybdenum - Silver
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 11/20/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
20240.95%4.563.18
2023-12.89%5.873.81
2022-2.63%6.393.84
2021-30.72%7.674.21
202040.91%9.993.12
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.28+1.75%Trend Power :
OceanaGold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 9.33+0.43%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.60+3.28%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.05-9.09%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
 2.23-0.89%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
 14.42+3.30%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
 0.32+1.59%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
 0.21+5.00%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
 2.11+5.50%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 42.42+1.51%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.04+0.00%Trend Power :
Sun Res.(Oil)SUR.AX
Released ASX Announcement: Quarterly Activities Report
AU$ 0.00+0.00%Trend Power :
Take advantage of rising gold stocks
  • Subscribe to our weekly mining market briefing.
  • Receive our research reports on junior mining companies
    with the strongest potential
  • Free service, your email is safe
  • Limited offer, register now !
Go to website.