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10/28/13

The Clive Competition: The B2Gold (BTO.to) (BTG) buyout game is over, we have a winner

Remember this? Back on August 19th this humble corner of cyberspace offered one ounce of shiny glistening silver to the IKN reader who could correctly identify the name of the next company that B2Gold (BTO.to) buys out. Well folks, here's today's news...

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct 28, 2013) - B2Gold Corp. (BTO.TO)(NYSE MKT:BTG)(NAMIBIAN:B2G) ("B2Gold") and Volta Resources Inc. (VTR.TO) ("Volta") are pleased to announce that they have signed a binding letter agreement pursuant to which B2Gold has agreed to acquire (the "Transaction") all of the outstanding common shares of Volta at the agreed exchange ratio of 0.15 B2Gold shares for each Volta share held (the "Consideration"), which represents a purchase price of approximately C$0.42 per Volta share and a total equity value for Volta of approximately US$63 million based on continues here

...and the winner of the competition is...ME!

That's because nobody, out of the dozens (no joke, it was a wild inbox moment round here) of entries, managed to name Volta Resources as the target of The Clive's desires. A lot of you went for Navachab, PMI Gold was there, Midas, Rio Alto even, plus a whole heap of names, but not one of you went for the comparative minnow Volta. So the silver stays mine, all mine! Muahahahahahaaaaa