bgold

B2Gold Corp (NYSEMKT:BTG)

B2Gold Corp. is a Canada-based gold maker. The Company has three working mines, incorporating two in Nicaragua and one in the Philippines, and an arrangement of advancement and investigation resources in Namibia, Nicaragua, Mali, Burkina Faso and Colombia. Its mines incorporate Masbate Gold Mine – Philippines, La Libertad Gold Mine – Nicaragua and El Limon Gold Mine – Nicaragua. Its improvement activities incorporate Otjikoto Development Project, Namibia; Fekola Development Project – Mali. The Masbate Project is situated on the island of Masbate roughly 350 kilometers south of the Manila. La Libertad Mine is found 178 kilometers east of the Nicaraguan capital of Managua. he Limon Mine is situated in northwestern Nicaragua roughly 100 kilometers north of Managua. The Otjikoto gold undertaking is found 300 kilometers north of Namibia’s capital city of Windhoek between the towns of Otjiwarongo and Otavi.

B2gold Corp on 11th June, 2015 announced that it has shut its already reported new $350 million rotating credit facility. On May 20, the organization consented to acknowledge arrangement for syndicate of universal banks for new spinning credit office (the new RCF) for a total measure of $350 million. New RCF likewise considers accordion highlight endless supply of extra tying responsibilities, office may be expanded to $450 million at whatever time before development date. HSBC, as sole lead arranger and sole book runner, will go about as managerial agent. Syndicate incorporates The Bank of Nova Scotia, Societe Generale and ING Bank N.V, as commanded lead arrangers. penny stocks 1000 New RCF will bear enthusiasm on a sliding size of between Libor in addition to 2.25 pct. to 3.25 pct. in view of the organization’s combined net influence proportion.

On 23rd February, 2015 Arena Minerals entered into a coupling letter concurrence with B2Gold Corp., as per which Arena has allowed B2Gold the choice to secure up to a 60 pct enthusiasm for the Pampa Paciencia and Cerro Barco properties. Which contain 27,341 hectares of the 149,235 hectare Atacama copper venture, situated in Antofagasta, Chile? In request to practice choice and gain a 60 pct enthusiasm for the Property, B2Gold will be obliged to spend at least $20.5 mln on Property more than a five year period.Also B2Gold will be obliged to make installments of $630,000 to Sociedad Quimica y Minera de Chile S.A., the fundamental property proprietor, in the interest of Arena more than a three year period. In expansion, B2Gold will make installments of $2.5 mln specifically to Arena more than a three year period as further set out underneath.

Officers and directors

Robert Melvin Douglas Cross Independent Chairman of the Board
Clive Thomas Johnson President, Chief Executive Officer, Director
Michael Andrew Cinnamond Chief Financial Officer, Senior Vice President – Finance

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