B2Gold exercises 10 million Calibre warrants
2014-07-29 15:47 ET - News Release
Mr. Clive Johnson reports
B2GOLD EXERCISES WARRANTS OF CALIBRE MINING CORP.
On July 25, 2014, B2Gold Corp. exercised 10 million common share purchase warrants and acquired an additional 10 million common shares of Calibre Mining Corp. at a price of five cents per share. The 10 million common shares represent approximately 5.32 per cent of the current issued and outstanding common shares of Calibre.
Prior to the exercise of the warrants, B2Gold had direct ownership of 20 million common shares of Calibre, representing approximately 10.64 per cent of the issued and outstanding common shares of Calibre, and warrants to acquire 10 million common shares of Calibre, which if exercised, and together with the 20 million common shares, would increase B2Gold's ownership to approximately 15.96 per cent of Calibre's outstanding common shares.
As a result of the exercise of the warrants, B2Gold owns 30 million common shares of Calibre, representing approximately 15.96 per cent of the current issued and outstanding common shares of Calibre.
B2Gold acquired the common shares for investment purposes, and has no present intention of acquiring other securities of Calibre or of disposing of any of the securities of Calibre which it holds. Depending upon B2Gold's evaluation of Calibre's business, prospects and financial condition, the market for Calibre's securities, general economic conditions, and other considerations, B2Gold may acquire other additional securities of Calibre or sell some or all of the securities it holds.
An early warning report in respect of the above-noted transaction will be filed and available on SEDAR.
