B2Gold, Auryx Gold Completes Business Combination; Both Trading Lower in the Afternoon
B2Gold Corp. (BTO.TO) and Auryx Gold Corp. (AYX.TO) announced late Thursday that they have completed the previously announced business combination, and Auryx has become a wholly-owned subsidiary of B2Gold.
The companies said all of the issued and outstanding common shares of Auryx have been transferred to B2Gold in consideration for the issuance by B2Gold of 0.23 of a common share of B2Gold, plus a cash payment of $0.001 for each Auryx share.
BTO shares, despite opening the session in the green, have now edged off by almost 1% to $2.93 from yesterday's $2.95 close. AYX shares are also in the negative territory, falling nearly 2% to 67 cents from the 68 cents December 22 close.
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