The Prospector News

B2Gold Corp. Completes Private Offering of US$258.75 Million of Convertible Senior Subordinated Notes

You have opened a direct link to the current edition PDF

Open PDF Close

Share this news article






B2Gold Corp. (TSX:BTO)(NYSE MKT:BTG)(NAMIBIAN:B2G) announced today the closing of its previously announced offering of US$225 million aggregate principal amount of its 3.25% convertible senior subordinated notes due October 1, 2018 to “qualified institutional buyers” in accordance with Rule 144A under the U.S. Securities Act of 1933, as amended. The initial purchasers for the offering exercised in full their option to purchase up to an additional US$33.75 million aggregate principal amount of Notes to cover over-allotments on August 20, 2013, bringing the total amount of the Notes issued today to US$258.75 million.


The initial conversion rate for the Notes is 254.2912 common shares of B2Gold per US$1,000 principal amount of Notes, equivalent to an initial conversion price of approximately US$3.93 per common share. The Company intends to use the net proceeds from the sale of the Notes for general corporate purposes.


The Notes, and the common shares into which the Notes are convertible, have not been and will not be registered under the Securities Act, or qualified by a prospectus in Canada. The Notes and the common shares may not be offered or sold in the United States absent registration under the Securities Act or an applicable exemption from registration under the Securities Act. Offers and sales in Canada were made only pursuant to exemptions from the prospectus requirements of applicable Canadian provincial securities laws.

Posted August 23, 2013

Share this news article


NioCorp Announces Closing of Up-Sized Private Placement for Gross Proceeds of C$6.2 Million

Offering Was Set at a Premium to the Share Price When Launched  ... READ MORE

May 11, 2021

Osisko Drilling Returns High Grade at Lynx

180 g/t Au Over 2.2 Metres 46.8 g/t Au Over 3.3 Metres Osi... READ MORE

May 11, 2021

C2C Gold Corp. Completes $2.63 Million Private Placement and Strategic Investment by Eric Sprott

C2C Gold Corp. (CSE: CTOC;) is pleased to announce that it has c... READ MORE

May 11, 2021

International Consolidated Uranium Acquires the High-Grade Matoush Uranium Project in Quebec, Canada

International Consolidated Uranium Inc. (TSX-V: CUR) is pleased... READ MORE

May 11, 2021

Endeavour Silver Reports Financial Results for the First Quarter 2021

Endeavour Silver Corp. (NYSE: EXK) (TSX: EDR) released its finan... READ MORE

May 11, 2021

Copyright 2021 The Prospector News