Financings

B2Gold will be granted a right to maintain their pro rata ownership of up to 5.0% in connection with future equity financings as well as following the exercise of convertible securities of the Company.

In July 2023, we completed equity financings for gross proceeds of $6.7 million.

CEO John Williamson commented, "The size of this Offering ranks among the Top 10 equity financings of the year on the TSX Venture Exchange, with key support from several prominent new and existing investors, including major institutional investors.

It otherwise excludes any impact from future unannounced or speculative acquisitions, dispositions, debt financings or repayments, recapitalizations, capital markets activity or similar matters.

Substantially all such currency gains (losses) are unrealized and attributable to financings due to and from affiliated companies.

The fund also selectively considers third-party-led senior and subordinated debt financings and opportunistically considers the purchase of stressed and discounted debt positions.

Her extensive experience with company financings as well as TSX & ASX regulatory compliance will serve to ensure the Company manages its affairs in a transparent and proper fashion.

Proceeds of these financings will be used to fund the independent Feasibility Study (“FS”), Front-end Engineering and Design (“FEED”) of the Khundii Gold Project (the “Project”), exploration, acquisition, and for general working capital purposes.

PetroShale announces closing of subscription receipt financings for total gross.