B2Gold agrees to acquire Volta Resources for C$0.42 per share

theflyonthewall.com

B2Gold and Volta Resources announce that they have signed a binding letter agreement pursuant to which B2Gold has agreed to acquire all of the outstanding common shares of Volta at the agreed exchange ratio of 0.15 B2Gold shares for each Volta share held, which represents a purchase price of approximately C$0.42 per Volta share and a total equity value for Volta of approximately $63M based on the fully-diluted in-the-money Volta shares outstanding and a premium of 106% based on each respective company's share price on the Toronto Stock Exchange on October 25. The consideration represents an 81% premium based on B2Gold and Volta's respective volume weighted average share prices on the TSX for the 20 trading day period ending October 25.

Rates

View Comments (0)