On January 28, 2025, B2Gold Corp. completed an offering of 2.75% convertible senior unsecured notes in an aggregate principal amount of US$460 million, which included the exercise of the full amount of the option to purchase an additional US$60 million aggregate principal amount of notes. The initial conversion rate for the notes is 315.2088 common shares of B2Gold per US$1,000 principal amount of notes, equivalent to an initial conversion price of approximately US$3.17 per share.
The net proceeds from the offering are expected to be used to fund B2Gold’s working capital requirements and for general corporate purposes.
Cassels acted for B2Gold.