Auryx Receives Shareholder Approval for Proposed Arrangement with B2Gold Corp.

Auryx Gold Corp.(TSX:AYX,NSX:AXY) announced receiving 99.98% support from shareholders in favor of a proposed arrangement between the Company and B2Gold Corp. The agreemnet will lead to B2Gold Corp acquiring 92% interest in the Otjikoto Nambian gold project and 100% in two other Nambian projects.

As quoted in the press release:

On completion of the Arrangement, Auryx will become a wholly-owned subsidiary of B2Gold. Under the terms of the Arrangement, it is expected that on a in the money fully diluted basis Auryx shareholders will receive as consideration, shares representing approximately 10.5% of B2Gold’s issued and outstanding shares following closing. Upon closing of the transaction B2Gold will issue 37.2 million shares in exchange for Auryx shares.

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