07:01 AM EDT, 08/12/2016 (MT Newswires) -- B2Gold, (BTG), gold miners, Friday reported that it plans to issue up to $100 million in common stock to the public at market prices, no timetable disclosed. The Canadian company has filed a shelf registration with the SEC and Canadian securities administrators.

B2Gold said it intends to use share-sale proceeds to fund ongoing expenditures, discretionary capital programs, an accelerated exploration at a gold prospect in Mali, and exploration work in Burkina Faso.

B2Gold said it will pay fees of 2% of share sale proceeds to brokerages.

B2Gold has operations in Nicaragua, the Philippines, Namibia, Mali and Burkina Faso.

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