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BTG - B2Gold News Story

$6.82 -0.2  -2.2%

Last Trade - 18/09/20

Basic Materials
Large Cap
Market Cap £5.50bn
Enterprise Value £5.44bn
Revenue £1.12bn
Position in Universe 929th / 6396

BRIEF-Arena Minerals says B2Gold will not fulfill commitments of two properties

Wed 13th July, 2016 12:41pm
July 13 (Reuters) - Arena Minerals Inc  AN.V : 
    * Received notice from B2Gold that it will not fulfill 
minimum exploration commitments of Cerro Barco and Pampa 
Paciencia properties 
    * As per deal, B2Gold to pay US$1.5 million to Arena by 
issuing common shares of B2Gold to arena, make cash payment to 
Arena of us$241,000 
    * Says both these properties will revert back to Arena 
    * All payments to be made by july 26, 2016 
    * Arena Minerals Inc says Cerro Barco target identified by 
Arena prior to signing of agreement remains undrilled 
    * Says Arena will review its alternatives with respect to 
Cerro Barco and Pampa Paciencia prospects 
Source text for Eikon:  ID:nMKW3D8Lna  
Further company coverage:  AN.V  
 (Bengaluru Newsroom: +1-646-223-8780)
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