B2Gold Corp. (BTO.TO) Friday said it has sold 79 million shares of Calibre Mining Corp. for about C$139.04 million.
"B2Gold's decision to dispose of the common shares of Calibre pursuant to the transaction was made as a result of investment considerations including price, market conditions, capital allocation priorities, and corporate strategy," the company said in a statement.
The disposal of shares reduced B2Gold's stake in Calibre to less than 10 percent from 14.1 percent.
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