Oklo Resources to be acquired by global gold miner B2Gold for A$90 million

30 May 2022

News

Thomson Geer is pleased to be advising ASX-listed gold explorer, Oklo Resources Limited, in relation to its acquisition by Canada-based gold miner, B2Gold Corp, in a cash and scrip deal valuing the company at A$90 million.

Oklo is currently exploring for gold in Mali, Africa, with its Dandoko Project the most promising prospect.

B2Gold is a senior international gold miner with three operating mines in Mali, the Philippines and Namibia as well as exploration and development projects in Mali, Colombia, Finland and Uzbekistan. It has a market capitalisation of more than CDN$5 billion.

The acquisition is being conducted via a scheme of arrangement which the Oklo board has unanimously recommended to Oklo’s shareholders.

Pursuant to the acquisition Oklo shareholders will receive cash and shares in B2Gold in exchange for their Oklo shares.

The Thomson Geer team was led by Partner Scott Gibson, who said: “We’re pleased to have assisted Oklo on this deal which will see shareholders receive a significant premium for their shares and become shareholders of B2Gold, which has a proven history of success.”

The Thomson Geer team also included Partner Michael Ng and Lawyers Ryan Gava and Kajal Parmar.