Deals this week: B2Gold Corp, Equinox Exploration and more

3 May 2012 (Last Updated May 3rd, 2012 18:30)

B2Gold Corp has acquired ownership of 20,000,000 units of Calibre Mining Corp, following a subscription agreement between the two companies.

B2Gold Corp has acquired ownership of 20,000,000 units of Calibre Mining Corp, following a subscription agreement between the two companies.

The acquisition represents approximately 10.6% of the issued and outstanding common shares of Calibre.

Assuming full exercise of B2Gold's 10,000,000 warrants, B2Gold would own 30,000,000 common shares, representing approximately 15.2% of the issued and outstanding common shares of Calibre.

Equinox Exploration Corp and Binghampton Holdings have signed a mining lease and option to purchase agreement to acquire the Binghampton property located in Yavapai County in the US state of Arizona.

Under the terms of the agreement, Equinox can acquire the 60% interest for a $275,000 additional consideration.

Gold Reserve has acquired an undivided 51% interest in the La Tortuga property located in Jalisco State, Mexico, following an option agreement with Soltoro.

Under the terms of option agreement, Gold Reserve will pay $650,000 to Soltoro and make $3m in expenditures on the property over three years.

NioGold Mining Corp has consolidated 100% ownership of the Republic Goldfields Malartic Property located in Quebec, Canada.

Under the terms of the resulting joint venture, NioGold has now acquired the final 15% interest through payment of $25,000 and grant to RGF of a 2% NSR royalty.

Colt Resources has completed the previously-announced bought deal private placement of 10,000,000 common shares of the company at a price of $0.50 per Share, for gross proceeds of $5,000,000.

The offering was completed through a syndicate of underwriters led by TD Securities, which also included Desjardins Securities and Versant Partners.

El Condor Minerals has entered into an agreement with Pacific North West Capital Corp by which the company has the option to earn a 100% interest in the Glitter Lake Property in the James Bay lowlands region of Quebec, Canada.

With this acquisition, the Company will control a total of approximately 6,266 hectares in the Horden Lake project area.

Terra Firma Resources has signed a mineral property option agreement with a group of four prospectors which grants Terra Firma an option to earn a 100% interest in the Lac des Iles East Graphite Property located in Quebec.

The Lac des Iles East Graphite property consists of 71 claim blocks totalling 3,980ha and borders the eastern boundary of the Timcal Lac des Iles property, only one kilometer east of TIMCAL's producing Lac des Iles Mine.