Just encase this has been missed by anyone..here is an article relating to the merger between CGA and B2 last year. You will notice that CGA and RTG both have a TSX listing, Carrick was running the show and Carrick is also on the board of B2 which happens to own 12% of RTG. Carrick also happens to be
RTG's chairman. No rocket scientists required to see what is likely to happen to RTG and even the company has said this will be built towards development and handed across to safe hands.
January 31, 2013 06:30 ET B2Gold Corp. and CGA Mining Limited Complete Merger VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 31, 2013) - B2Gold Corp. (TSX:BTO)(OTCQX:BGLPF)(NAMIBIAN:B2G) ("B2Gold" or the "Company") is pleased to announce the successful completion of the scheme of arrangement ("Merger") by which B2Gold has acquired all of the issued ordinary shares of CGA Mining Limited ("CGA"). As of today, and including the 251,973,927 shares issued as consideration under the Merger for the former share and option holders of CGA, B2Gold has 645,383,200 shares issued and outstanding. Confirmations of holdings will shortly be sent to the former holders of CGA shares and options receiving the Merger consideration in the form of shares. CGA shares ceased trading and were delisted from the Toronto Stock Exchange on January 18, 2013. Trading on the Australian Stock Exchange ("ASX") was suspended on January 16, 2013, and the shares are expected to be delisted from the ASX on February 4, 2013. Michael Carrick, formerly a director, President and Chief Executive Officer of CGA, was appointed to the board of directors of B2Gold effective upon the implementation of the Merger, with the existing seven directors of B2Gold continuing as directors.
RTG Price at posting:
$1.02 Sentiment: Buy Disclosure: Held
