B2gold completes the sale of burkina faso projects

Vancouver, bc, november 30, 2021 /prnewswire/ - b2gold corp. (tsx: bto) (nyse american: btg) (nsx: b2g) ("b2gold") is pleased to announce that it has completed the sale of its 81% interest in the kiaka gold project located in burkina faso (the "kiaka project") to west african resources limited (asx:waf) ("waf")(the "kiaka transaction"). pursuant to the terms of the kiaka transaction, on closing b2gold received a cash payment of us$22.5 million (in addition to the us$450,000 already received), 22,190,508 ordinary shares of waf ("waf shares"), and a 2.7% net smelter return ("nsr") royalty interest on the first 2,500,000 ounces of gold produced at the kiaka project and thereafter a 0.45% nsr royalty interest on the next 1,500,000 ounces of gold produced.
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