Every why hath a wherefore

B2Gold and Calibre took six months…

…to reach this deal:

VANCOUVER , July 2, 2019 /CNW/ – B2Gold Corp. (TSX.BTO. NYSE AMERICAN: BTG. NSX: B2G) (“B2Gold”) and Calibre Mining Corp. (CXB.V) (the “Company” or “Calibre”) (jointly the “Partners”)  are pleased to announce that on July 2, 2019 , the Partners entered into a binding agreement (the “Agreement”) 
for B2Gold to restructure its interests in, and for Calibre to acquire,
the producing El Limon and La Libertad Gold Mines (the “Nicaragua Mines”), the Pavon Gold Project and additional mineral concessions in Nicaragua (collectively, the ” Nicaragua Assets”) held by B2Gold for aggregate consideration of US$100 million (the “Purchase Price”), which Purchase Price will be paid with a combination of cash, common shares and a convertible debenture  (the “Transaction”). Following the completion of the Transaction, B2Gold will own an approximate 31% direct equity interest in Calibre. Continues here

This from The IKN Weekly IKN505 dated January 25th 2019:

B2Gold and
Calibre Mining (CXB.v) are talking (again)
As one source I quizzed on the
following correctly pointed out, one of the worst kept secrets on Bay Street
(rather than Howe St) is that over the past couple of years Calibre Mining
(CXB.v) has wanted to do a deal with B2Gold (BTO.to) (BTG) for its Nicaragua
assets. The two sides have talked, on and off, on at least an informal basis
and the last time this happened the conversations stopped around the time BTO
made its Limon Central Pit discovery, a year and a bit ago. Quite correctly,
BTO wanted to work out what it had there but now it has received an operating
licence for Limon Central (with pre-production works now underway) they
probably have a good handle on the new asset add-on and the informal talks were
broken off.
Until recently, according to a
trusted IKN source. Apparently CXB and BTO are talking again about the Nicaragua assets and as we know CXB is getting
more aggressive in its positioning (new directors, recent financing and
10-for-1 share rollback, recent deal with Centerra for its “Siuna” property in Nicaragua
(14), there’s a decent slug of logic to back up the rumour.

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