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

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
DisclaimerCertain 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.

Cookie Notice

We use cookies to improve your experience on our website

Information we collect about your use of Goldea Capital website

Goldea Capital website collects personal data about visitors to its website.

When someone visits our websites, we use a third party service, Google Analytics, to collect standard internet log information (such as IP address and type of browser they’re using) and details of visitor behavior patterns. We do this to allow us to keep track of the number of visitors to the various parts of the sites and understand how our website is used. We do not make any attempt to find out the identities or nature of those visiting our websites. We won’t share your information with any other organizations for marketing, market research or commercial purposes and we don’t pass on your details to other websites.

Use of cookies
Cookies are small text files that are placed on your computer or other device by websites that you visit. They are widely used to make websites work, or work more efficiently, as well as to provide information to the owners of the site.