July 24, 2016 4:48 PM ET

Company Overview of B2Gold Namibia (Pty) Ltd

Company Overview

20 Nachtigal Street

Ausspannplatz, Windhoek

P.O. Box 80363, Olympia

Windhoek

Windhoek,  9000

Namibia

Key Executives for B2Gold Namibia (Pty) Ltd

B2Gold Namibia (Pty) Ltd does not have any Key Executives recorded.

B2Gold Namibia (Pty) Ltd Key Developments

Forsys Metals Corp. Signs Earn-In Agreement with B2Gold Namibia

Forsys Metals Corp. announced an earn-in agreement (Earn-In) has been executed with B2Gold Namibia whereby B2Gold can earn up to a 100% interest in the Ondundu Gold Project in Namibia. The principal commercial terms of the Earn-In are: In the first 12 months B2Gold will, as project managers, have the right to acquire 25% of Ondundu for a committed spend of USD 900,000; If B2Gold exercise their first right, in the second 12 months they will spend a further USD 1,100,000 to acquire an additional 24% interest in Ondundu (49% in total); If B2Gold exercise their second right, they may spend a further USD 1,300,000 to acquire an additional 26% interest in Ondundu (75% in total) in the third 12 months; and B2Gold and Forsys may separately exercise a call or put option to transfer the balance of Ondundu for USD 8,500,000 after 24 months or 36 months respectively.

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Recent Private Companies Transactions

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No transactions available in the past 12 months.
 

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