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dr_airtime

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dr_airtime

Re: None

Tuesday, 04/16/2013 3:26:27 PM

Tuesday, April 16, 2013 3:26:27 PM

Post# of 35776
BTO.TO - Closes $150 Corporate Facility...

...in heart of downturn. Impressive. Because BTO is borrowing off their corporate balance sheet, not at the project level, there should be no hedging on this. Purpose is to fund their Otjikoto gold project in Namibia from when they acquired Auryx Gold using their Share Price (much higher than today).

I have not listened to any conference calls but assuming there is no hedging of course.

http://finance.yahoo.com/news/b2gold-corp-announces-closing-150-160314048.html

Feasibiltiy PR where they first mention the facility for Otjikoto:

http://b2gold.mwnewsroom.com/Files/de/de6ee71a-038e-477b-80a2-91370d3ac17a.pdf

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