Login
Oklo Resources acquired by B2Gold for $90m
ASX-listed gold explorer Oklo Resources Limited has been acquired by Canada-based gold miner B2Gold while under the advice of Thomson Geer. The acquisition has put the value of the company at $90 million.
Adrian Suljanovic
Firm: Thomson Geer (Oklo Resources)
Value: $90 million
Area: Corporate
Key players: The Thomson Geer team was led by partner Scott Gibson, who was supported by partner Michael Ng and lawyers Ryan Gava and Kajal Parmar.
Deal significance: Increased value of Oklo at $90 million. Shareholders will receive cash for their shares as well as becoming shareholders of B2Gold.
Prior to the acquisition, Oklo was exploring for gold with its “most promising prospect”, the Dandoko Project, as well as in Mali and Africa. B2Gold, also operating three mines in Mali, along with the Philippines and Namibia, has development and exploration projects in Mali, Colombia, Finland and Uzbekistan.
B2Gold currently has a market capitalisation of more than CDN$5 billion.
The Oklo board has unanimously recommended the acquisition to its shareholders and has been conducted through a scheme of arrangement.
“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,” Mr Gibson said.
