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Rupert Resources makes offer to B2Gold to buy surrounding properties

Kitco Media
By Michael McCrae
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Updated
Rupert Resources makes offer to B2Gold to buy surrounding properties teaser image

Finland-focused Rupert Resources (TSX: RUP) made an offer to B2Gold to buy properties located in the Central Lapland Greenstone Belt in northern Finland.

In a notice of sale Rupert offered to issue to B2Gold 28,644,111 common shares of Rupert, implying a total value of C$102.8 million, in exchange for B2Gold's 70% interest in a joint venture company that owns properties beside Rupert. Aurion Resources is the other company within the JV. The JV controls properties located near Rupert's flagship Ikkari project in northern Finland

In a news release, Aurion said it is evaluating the deal.

Kitco Media

Michael McCrae

Michael McCrae is leading Kitco's coverage of the mining sector. McCrae, who has both an MBA and CMA, knows how to build digital media properties. He was co-founder and publisher of MINING.com, an award-winning news site. Before coming to media, McCrae worked in IT and banking. Please reach out: mmccrae@kitco.com or (514) 670-1383. You can also follow him at @michaelmccrae.

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