Calibre Mining Corp. (TSXV:CXB) has closed its non-brokered private placement previously announced on April 19, 2012 with B2Gold Corp. (TSX:BTO,OTCQX:BGLPF). As a result of the Private Placement, B2Gold now holds a 10.6% equity stake in Calibre on an undiluted basis.
As quoted in the press release:
The Private Placement consisted of the Company issuing 20,000,000 units at a price of $0.25 per unit. Each unit consists of one common share and one-half of one common share purchase warrant. Each whole warrant entitles B2Gold to acquire an additional common share at an exercise price of $0.50 until May 2, 2013. The securities issued are subject to a statutory hold period expiring September 3, 2012. No finder’s fee was paid in connection with the Private Placement.