Calibre Mining (TSE:CXB) has released an update.
Calibre Mining has announced a significant stock transaction where B2Gold Corp. sold 79.0 million shares at C$1.76 each to new long-term investors, reducing its stake to 4% of Calibre’s issued and outstanding shares. Despite the reduced shareholding, B2Gold will remain an important investor, and the partnership between the two companies is expected to continue delivering value to shareholders. The transaction also led to the resignation of B2Gold’s representative from the Calibre Board of Directors.
For further insights into TSE:CXB stock, check out TipRanks’ Stock Analysis page.
