B2Gold to acquire 100% of the shares in Oklo by way of a Board recommendedScheme of Arrangement.► Oklo shareholders will receive consideration with an implied value1 of A$0.1725per Oklo share comprised of:► 0.0206 B2Gold shares per Oklo share; and► A$0.0525 cash per Oklo share.► Implied value of A$0.1725 per Oklo share indicates an approximate A$90 millionfully diluted equity value and represents:► a 127% premium to Oklo’s last closing price of A$0.076 on 25 May 2022;► a 103% premium to the VWAP of Oklo shares over the 30 ASX trading days prior to this announcement;► a premium to any price at which Oklo shares have traded at on the ASX for the past 12 months; and► an implied A$135/oz acquisition price based off Oklo’s 668.5koz Resource.► The Board of Oklo considers the transaction is mutually beneficial:► B2Gold gains optionality over Oklo’s high grade Dandoko Project; and► Oklo shareholders receive value and liquidity for their Oklo shares (at a substantial premium) and the opportunity to share in the potential future upside from an investment in B2Gold.► The Board of Oklo unanimously recommends the transaction and the Directors intend to vote all their Oklo shares in favour of the Scheme in the absence of a superior proposal or the independent expert concluding the Scheme is not in the best interests of shareholders.1 Implied value is based on the Canadian dollar $5.256 VWAP of B2Gold shares on the TSX over the 5 trading days up
RSG Price at posting:
23.5¢ Sentiment: Buy Disclosure: Held
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