Calibre Mining: Conversion of B2Gold's US$10 Million Debenture
November 20 2019 - 7:00AM
Calibre Mining Corp. (TSX: CXB) (the “
Company” or
“
Calibre”) announced that it exercised its right
to redeem the outstanding principal amount owing pursuant to the
convertible debenture (the “
Debenture”), issued by
the Company to B2Gold Corp. (“
B2Gold”) on October
15, 2019 as part of the purchase consideration for the producing El
Limon and La Libertad gold mines.
Accordingly, Calibre will issue 17,618,667
common shares (the “Debenture Shares”) to B2Gold
which will result in B2Gold’s direct equity interest in Calibre
increasing from approximately 30% to approximately 34%.
ON BEHALF OF THE BOARD
“Russell Ball”
Russell Ball, Chief Executive Officer
For further information, please contact:
Ryan King Vice President, Corporate Development
& IR Calibre Mining Corp. T: 604.628.1012 E:
calibre@calibremining.comW: www.calibremining.com
Disclaimer
Certain statements included in this press
release constitute “forward-looking information” (also known as
forward-looking statements) within the meaning of applicable
securities laws, including, but not limited to, those identified by
the expressions “expect”, “will”, “believe” and similar expressions
to the extent they relate to the Company. Forward-looking
information involves known and unknown risks, uncertainties and
other factors, which may cause actual results, performance or
achievements, to be materially different from any future results,
performance or achievements expressed or implied by such
forward-looking information. Some of the specific forward-looking
statements in this press release include, but are not limited to,
the conversion of the Debenture, the number of common shares to be
issued as a result of the conversion and the expected date of the
payment of the interest. There can be no assurance that the
Debenture will be converted or interest will paid on the terms and
conditions contemplated in this press release.
Forward-looking information is based on a number
of key expectations and assumptions made by the Company including,
without limitation: all conditions to the conversion of the
Debenture will be satisfied or waived and the Company will be in a
position to make the interest payment as contemplated in the
Debenture. Although the forward-looking information contained in
this press release is based on what the Company’s management
believes to be reasonable assumptions, the Company cannot assure
investors that actual results will be consistent with such
information.
Forward-looking information involves significant
risks and uncertainties and should not be read as guarantees of
future performance or results as actual results may differ
materially from those expressed or implied in such forward-looking
information.
The forward-looking information contained herein
represents the Company’s expectations as of the date of this press
release, and is subject to change after this date. The Company
assume no obligation to update or revise any forward-looking
information whether as a result of new information, future events
or otherwise, except as required by applicable law.
Calibre Mining (TSX:CXB)
Historical Stock Chart
From Mar 2024 to Apr 2024
Calibre Mining (TSX:CXB)
Historical Stock Chart
From Apr 2023 to Apr 2024