Assuming B2Gold still owned jv,
"
LAC
-1.02%
Lithium Americas; Arena Minerals Inc.
December 20, 2022
In this article:
LAC
-1.02%
Lithium Americas; Arena Minerals Inc.
Figure 1
Pastos Grandes Basin, Salta, Argentina
Pastos Grandes Basin, Salta, Argentina
VANCOUVER, British Columbia, Dec. 20, 2022 (GLOBE NEWSWIRE) -- Lithium Americas Corp. (TSX: LAC) (NYSE: LAC) ("Lithium Americas" or the "Company") and Arena Minerals Inc. (TSX-V: AN) (“Arena”) are pleased to announce that they have entered into a definitive arrangement agreement (the “Arrangement Agreement”) pursuant to which Lithium Americas has agreed to acquire all of the issued and outstanding common shares of Arena not already owned by Lithium Americas (each, an “Arena Share”) by way of a plan of arrangement (the “Transaction”). Pursuant to the Arrangement Agreement, Arena’s shareholders (“Arena Shareholders”) will receive 0.0226 (the “Exchange Ratio”) of a Lithium Americas common share (a “LAC Share”) for each Arena Share held (the "Consideration"). The Consideration to Arena implies a total equity transaction value (on a 100% basis) of US$227 million (C$311 million), based on the closing price on December 19, 2022, which would result in Arena Shareholders owning approximately 5.7% of Lithium Americas."
B2Gold had a major steak in AN. Around 62percent.
B2Gold needs to do a better job on their website so investors can see what they own and with whom. Still no information on what is going on with the Egypt permits and if they are having any results. It has been quite a while and nothing. I have to dig out everything. No PR on what went on with Marvel. Do we still own stock in them??? Marvel does a PR and not B2Gold to explain if we still own stock or not. Many say they do not get any response when asking questions of them. It is ashamed they can't do better on these communications. Love them for what they are doing but not their communications aspect.
It is obvious they can communicate as they are doing with their employees on the mine starting to be shut down. We shareholders are owed the same.
Sabina's website is much better explaining what they are involved with and how much they own on projects.
Boing X 2
