VANCOUVER, British Columbia – November 3, 2016 –Batero Gold Corp. (“Batero” or the “Company”) is pleased to announce it has closed the previously announced transaction involving the sale of all of its shareholdings of CB Gold Inc. to Red Eagle Mining Corporation (“Red Eagle”) in exchange for 7,428,126 common shares of Red Eagle (the “Red Eagle Shares”). Following closing of the transaction with Red Eagle, Batero sold the Red Eagle Shares for cash consideration of approximately Cdn.$7,056,000.
VANCOUVER British Columbia - November 2 2016 - Batero Gold Corp. ("Batero" or the "Company") is pleased to announce that it has entered into a binding agreement with Red Eagle Mining Corporation ("Red Eagle") an arms length party pursuant to which the Company will sell to Red Eagle all of its shareholdings of CB Gold Inc. ("CB Gold") with its head office at Suite 2348-666 Burrard Street Vancouver BC V6C 2X8 being 83020237 common shares of CB Gold (the "CB Shares") which is approximately 23% of the current issued and outstanding common shares of CB Gold at a deemed price of C$0.085 per CB Share. As consideration for the CB Shares Red Eagle will issue to Batero 7428126 common shares of Red Eagle. The settlement of the transaction is anticipated to occur on November 2 2016.
Vancouver, British Columbia – March 16, 2016 – Batero Gold Corp. (“Batero” or the “Company”) (TSX-V: BAT) is pleased to announce the grant of 6,500,000 stock options (“Options”) to purchase common shares (“Shares”) to directors and officers of the Company. All of the Options granted will vest immediately and have an exercise price of $0.20 per Share for a term of five years.