Canada's B2Gold Strikes $1B Deal For Aussie Gold Miner

Law360, New York (September 19, 2012, 4:41 PM EDT) -- Canadian gold miner B2Gold Corp. will swap CA$1.1 billion (US$1.13 billion) worth of shares to take control of Perth, Australia-based CGA Mining Ltd., which owns the biggest gold project in the Philippines, the parties announced Wednesday.

B2Gold will end up paying a premium of about 22 percent for CGA's shares, or CA$3.18 apiece, based on the 20-day weighted average share price leading up to the inking of the purchase agreement, according to a statement from the buyer.

With an anticipated market capitalization of $2.9 billion, the...
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