08:56 AM EDT, 05/06/2024 (MT Newswires) -- Aurion Resources ( AIRRF ) , which rose 3% on Friday, said Monday that it is considering several options regarding a notice of sale and offer from B2Gold ( BTG ) .

In the notice, B2Gold ( BTG ) said it has held talks with several parties to determine its response to the notice of sale and offer. The company is also considering other strategic alternatives, at both the asset and corporate level. Aurion said the talks could continue beyond the current expiry date of the notice of May 9, whether or not Aurion accepts the offer.

In March, B2Gold ( BTG ) said it had received an offer from Rupert Resources ( RUPRF ) to buy B2Gold's ( BTG ) 70% interest in its joint venture with Aurion. Under the offer, Rupert would pay with about 28.6 million newly issued shares, valuing B2Gold's ( BTG ) stake in the joint venture at $102.8 million.

Aurion has a right of first refusal should B2Gold ( BTG ) sell its interest in the joint venture, which owns properties located in the Central Lapland Greenstone Belt in northern Finland.