BeMetals Finalizes Debt Resolution with B2Gold

BeMetals Corp. has announced the settlement of C$2,022,814 in outstanding debt with B2Gold Corp. through the issuance of 28,897,343 common shares at C$0.07 per share. This settlement allows BeMetals to strengthen its financial position and focus on growth initiatives. Additionally, B2Gold has agreed to forgive US$4,414,054 of remaining debt and accrued interest.

B2Gold also converts C$5,300,000 in convertible debentures into 21,200,000 shares and C$838,208 in accrued interest into 3,352,832 shares. These transactions have received conditional TSX Venture Exchange approval, with final approval expected imminently.

Post-transactions, B2Gold's ownership in BeMetals increases to approximately 36.93%, and the company holds no further convertible securities or debt. Clive Johnson steps down from BeMetals' Board but remains an advisor, as the company continues to develop under experienced leadership.