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B2Gold plans merger with CGA Mining in all-stock deal valued at $1.1 billion

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Gold bullion bars are displayed in Hong Kong Oct. 17, 2011. THE CANADIAN PRESS/AP

VANCOUVER – B2Gold Corp. (TSX:BTO) and CGA Mining Ltd. (TSX:CGA) are planning to merge in a deal they value at $1.1 billion. Shareholders of Vancouver-based B2Gold will own about 62 per cent of the combined company. The share-swap arrangement values each CGA share at about $3.18, based on market prices before the announcement. The friendly agreement will require various approvals.

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