I bought some more B2Gold and some encouraging news today
B2GOLD ANNOUNCES TSX APPROVAL FOR NORMAL COURSE ISSUER BID
Further to the press release of B2Gold Corp. dated Jan. 13, 2025, the Toronto Stock Exchange (TSX) has accepted the notice of B2Gold’s intention to implement a normal course issuer bid (NCIB).
The company’s decision to approve the NCIB is consistent with its amended shareholder return strategy outlined in the announcement press release, and reflective of the company’s belief that the market may undervalue the common shares of B2Gold from time to time, the shares may trade in a price range which may not adequately reflect the value of the shares in relation to the business, assets and prospects of B2Gold from time to time, and purchases of shares pursuant to the NCIB may represent an appropriate and desirable use of the company’s capital.
The company had 1,319,616,807 shares issued and outstanding as of March 20, 2025. The TSX approval allows the company to purchase up to 65,980,840 shares, representing 5 per cent of the issued and outstanding shares as of March 20, 2025, over a period of 12 months commencing on April 3, 2025. The NCIB will expire no later than April 2, 2026.
