B2Gold Corp Announced Acquisition of Oklo Resources

The offer represented a 127% premium to Oklo’s closing price.

SEATTLE (Scrap Monster): Canadian B2Gold Corp. has announced acquisition of Oklo Resources Limited. It has offered A$0.1725 for each Oklo Resources share held, at a valuation of A$90 million. The takeover offer approved by Oklo board comprises 0.0206 B2Gold shares per Oklo share and A$0.0525 cash per Oklo share. The offer represented a 127% premium to Oklo’s closing price.

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The acquisition will provide B2Gold with an additional landholding of approximately 1,400 square kilometres, covering highly prospective greenstone belts in Mali, West Africa, including Oklo's flagship Dandoko Project. The Okla properties are located approximately 25 kilometres from the Fekola Mine and approximately 25 kilometres from the Anaconda area, where B2Gold is currently conducting a drill program.

The transaction, including the Scheme, has been unanimously approved by the Board of Directors of B2 Gold Corp. It is now subject to the approval by the Court, the Oklo shareholders at the Scheme Meeting, together with other customary closing conditions.  Meantime, the Scheme requires approval from the Malian Minister of Mines of the indirect transfer of ownership of certain mineral rights, and approval from the TSX and NYSE.

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