https://www.miningweekly.com
Exploration|Resources
Exploration|Resources
exploration|resources

Rupert eyes B2Gold’s 70% interest in Finland JV

12th March 2024

By: Mariaan Webb

Creamer Media Senior Deputy Editor Online

     

Font size: - +

Canada-based exploration company Rupert Resources on Monday confirmed that it was in preliminary discussions with B2Gold regarding the purchase of its 70% interest in a joint venture (JV) in Finland.

The JV between B2Gold and Aurion Resources owns properties in the central Lapland greenstone belt in northern Finland.

Rupert noted that no definitive agreement had been reached and that there could be no assurance that any such agreement would be forthcoming.

According to a statement by Aurion, Rupert would issue to B2Gold 28.64-million shares, implying a total value of C$102.8-million for its 70% interest in the JV.

Aurion holds a right of first refusal (ROFR) with respect to the proposed sale by B2Gold of its interest in the JV company. The ROFR provides Aurion with the right to acquire B2Gold’s interest in the JV upon terms no less favourable than those offered by Rupert. Aurion has until May 9 to decide whether it will exercise its ROFR.

Edited by Creamer Media Reporter

Comments

Showroom

Rentech
Rentech

Rentech provides renewable energy products and services to the local and selected African markets. Supplying inverters, lithium and lead-acid...

VISIT SHOWROOM 
Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Mining Weekly Editor Martin Creamer
Copper shares soar and green hydrogen goes digital
26th April 2024
Magazine cover image
Magazine round up | 26 April 2024
26th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.129 0.166s - 89pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: