Skip to main content

Calibre Mining: Conversion of B2Gold’s US$10 Million Debenture

Written by Customer Service on . Posted in Public Companies.

VANCOUVER, British Columbia, Nov. 20, 2019 (GLOBE NEWSWIRE) — 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 OfficerFor further information, please contact:Ryan King
Vice President, Corporate Development & IR
Calibre Mining Corp.
T: 604.628.1012
E: calibre@calibremining.com
W: www.calibremining.comDisclaimerCertain 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.

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.