SOURCE: Batero Gold Corp.

Batero Gold Corp.

September 09, 2015 18:43 ET

Batero Gold Corp. Acquires Common Shares of CB Gold Inc. in the Open Market

TORONTO, ON--(Marketwired - September 09, 2015) - Batero Gold Corp. ("Batero" or the "Company") (TSX VENTURE: BAT) is pleased to announce that it has acquired today 794,000 common shares (the "CBJ Common Shares") of CB Gold (the "CB Gold") on certain published markets, including the TSX Venture Exchange. In accordance with securities laws, Batero had previously disclosed in its take-over bid circular in respect of its offer (the "Offer") to acquire all of the issued and outstanding Common Shares of CB Gold, that the Company may effect market purchases of CBJ Common Shares during the period of the Offer.

The highest price paid by Batero for the CBJ Common Shares today was $0.055 per CBJ Common Share. An aggregate of 9,722,864 CBJ Common Shares (including the CBJ Common Shares purchased by Batero today) have been purchased in published markets since the commencement of the Offer on August 11, 2015, at an average price of $0.0461 per CBJ Common Share.

Including the Common Shares acquired by Batero today, the Company owns an aggregate of 17,785,000 CBJ Common Shares.

About Batero

Batero is a precious and base metals exploration and development company focused on moving the La Cumbre oxide deposit toward a production decision. Once the appropriate level of study has been completed, Batero intends to target the near surface higher grade oxidized gold mineralization at the deposit. Batero is also pursuing opportunities to acquire prospective high-grade, production focused mineral properties in Colombia and Latin America. In pursuing these objectives, Batero plans to leverage its secure treasury position, strong regional relationships, experienced management team, and long-term financial partners. Common shares of the Vancouver-based company trade on the TSXV under the symbol "BAT".

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • For further information, please contact:

    Michael Mills
    Tel: 604.568.6378 or