In relation to the B2Gold investment, TSX-listed Troilus Gold (TSX: TLG) has the right to purchase some 4.77 million additional shares at the same offer price to maintain a 19.9% ownership. This right will be valid for 10 business days.
Proceeds from the investment will be used for exploration and development of the company’s ML project in Yukon. The property covers 47.6 km2 of the Tintina gold belt, and is located approximately 80 km from Dawson City and 25 km northeast of the former Brewery Creek gold mine.
“We are excited to have B2Gold as a keystone shareholder in Prospector Metals and our team is looking forward to their technical input on our flagship ML project, Yukon,” Rob Carpenter, CEO of Prospector Metals, stated.
“This investment and technical partnership will allow Prospector to advance the ML project more efficiently and it represents an endorsement of our exploration philosophy and targeting methods,” he…
