B2Gold Invests C$12.1 Million in Founders Metals
Founders Metals Inc. (TSXV: FDR) (OTCQX: FDMIF) has announced a C$12.1 million investment from B2Gold Corp. at C$2.75 per share. This Strategic Investment, combined with a previously announced C$20 million bought deal private placement, will raise a total of C$32.1 million, fully funding Founders' planned 2025 budget. Upon completion, B2Gold will own 5.0% of Founders' issued and outstanding common shares on a non-diluted basis.
The investment validates Founders' Antino Gold Project and provides access to B2Gold's expertise in exploring and developing world-class mining assets. The deal includes an investor rights agreement, allowing B2Gold to increase ownership up to 9.9% and collaborate on technical aspects and new prospects in the Guiana Shield. The Strategic Investment is expected to close in Q4 2024, subject to customary conditions and regulatory approvals.
Founders Metals Inc. (TSXV: FDR) (OTCQX: FDMIF) ha annunciato un
L'investimento valida il progetto Antino Gold di Founders e fornisce accesso all'expertise di B2Gold nell'esplorazione e nello sviluppo di asset minerari di classe mondiale. L'accordo include un contratto di diritti per gli investitori, che consente a B2Gold di aumentare la proprietà fino al 9,9% e di collaborare sugli aspetti tecnici e sulle nuove prospettive nel Guiana Shield. L'investimento strategico dovrebbe concludersi nel quarto trimestre del 2024, soggetto a condizioni consuete e approvazioni regolatorie.
Founders Metals Inc. (TSXV: FDR) (OTCQX: FDMIF) ha anunciado una inversión de C$12,1 millones de B2Gold Corp. a C$2,75 por acción. Esta inversión estratégica, combinada con una colocación privada previamente anunciada de C$20 millones, recaudará un total de C$32,1 millones, financiando completamente el presupuesto planificado de Founders para 2025. Una vez completada, B2Gold poseerá el 5,0% de las acciones comunes emitidas y en circulación de Founders, en base no diluida.
La inversión valida el proyecto Antino Gold de Founders y proporciona acceso a la experiencia de B2Gold en la exploración y desarrollo de activos mineros de clase mundial. El acuerdo incluye un contrato de derechos para inversores, que permite a B2Gold aumentar su propiedad hasta el 9,9% y colaborar en aspectos técnicos y nuevas perspectivas en el Guiana Shield. Se espera que la inversión estratégica se cierre en el cuarto trimestre de 2024, sujeto a condiciones habituales y aprobaciones regulatorias.
파운더스 메탈스 주식회사 (TSXV: FDR) (OTCQX: FDMIF)는 B2Gold Corp.로부터 1,210만 캐나다 달러의 투자를 주당 2.75 캐나다 달러에 받았다고 발표했습니다. 이 전략적 투자는 이전에 발표된 2천만 캐나다 달러의 사모 방식(private placement)으로 총 3,210만 캐나다 달러를 모금하며, 파운더스의 2025년 예산을 완전히 자금 지원할 것입니다. 완료되면 B2Gold는 파운더스의 발행 및 유통 중인 보통주 5.0%를 비희석 방식으로 소유하게 됩니다.
이 투자는 파운더스의 안티노 금 프로젝트의 유효성을 입증하며, 세계적 수준의 광산 자산을 탐색하고 개발하는 데 B2Gold의 전문성을 활용할 수 있게 합니다. 이번 거래에는 투자자 권리 계약이 포함되어 있어 B2Gold가 소유권을 9.9%까지 늘리고 기술적인 측면과 기아나 쉴드의 새로운 전망에 대해 협력할 수 있습니다. 이 전략적 투자는 2024년 4분기에 완료될 것으로 예상되며, 전통적인 조건과 규제 승인을 받을 예정입니다.
Founders Metals Inc. (TSXV: FDR) (OTCQX: FDMIF) a annoncé un investissement de 12,1 millions CAD de B2Gold Corp. à 2,75 CAD par action. Cet investissement stratégique, combiné à un placement privé déjà annoncé de 20 millions CAD, permettra de lever un total de 32,1 millions CAD, finançant ainsi intégralement le budget prévu pour 2025 de Founders. À l'issue de cette opération, B2Gold détiendra 5,0% des actions ordinaires émises et en circulation de Founders, sur une base non diluée.
Cette investissement valide le projet Antino Gold de Founders et donne accès à l'expertise de B2Gold en matière d'exploration et de développement d'actifs miniers de premier ordre. L'accord comprend un contrat de droits pour les investisseurs, permettant à B2Gold d'augmenter sa part de propriété jusqu'à 9,9% et de collaborer sur des aspects techniques et de nouvelles perspectives dans le Guiana Shield. Cette investissement stratégique devrait être finalisée au quatrième trimestre 2024, sous réserve de conditions habituelles et d'approbations réglementaires.
Founders Metals Inc. (TSXV: FDR) (OTCQX: FDMIF) hat eine Investition von 12,1 Millionen CAD von B2Gold Corp. zu 2,75 CAD pro Aktie bekannt gegeben. Diese strategische Investition, zusammen mit einer zuvor angekündigten Privatplatzierung in Höhe von 20 Millionen CAD, wird insgesamt 32,1 Millionen CAD einbringen und damit das geplante Budget von Founders für 2025 vollständig finanzieren. Nach Abschluss wird B2Gold 5,0% der ausgegebenen und im Umlauf befindlichen Stammaktien von Founders auf nicht verdünnter Basis besitzen.
Die Investition validiert das Antino Gold Projekt von Founders und ermöglicht den Zugang zu B2Golds Expertise in der Erschließung und Entwicklung von erstklassigen Bergbauanlagen. Der Deal umfasst eine Vereinbarung über Investorenrechte, die es B2Gold ermöglicht, den Eigentumsanteil auf bis zu 9,9% zu erhöhen und bei technischen Aspekten sowie neuen Perspektiven im Guiana Shield zusammenzuarbeiten. Die strategische Investition soll im vierten Quartal 2024 abgeschlossen werden, vorbehaltlich üblicher Bedingungen und behördlicher Genehmigungen.
- Secured C$12.1 million investment from B2Gold Corp.
- Total funding raised reaches C$32.1 million, fully covering 2025 exploration budget
- Strategic partnership with B2Gold provides validation and technical expertise
- Investor rights agreement allows for potential increased ownership and collaboration
- Enables ramping up of exploration at Antino Gold Project, including addition of a fourth diamond drill
- Potential dilution of existing shareholders due to new share issuance
Vancouver, British Columbia--(Newsfile Corp. - October 11, 2024) - Founders Metals Inc. (TSXV: FDR) (OTCQX: FDMIF) (FSE: 9DL0) ("Founders" or the "Company") is pleased to announce that, further to the press release dated October 10, 2024, it has entered into an agreement with B2Gold Corp. (TSX: BTO) (NYSE American: BTG) (NSX: B2G) ("B2Gold") for a C
Colin Padget, Founders' President & CEO commented, "We are very pleased with B2Gold's investment in Founders along with the support and validation it brings to our Antino Gold Project. We look forward to drawing on B2Gold's experience in exploring for, and developing, world-class mining assets in similar geological environments. This broader financing package leaves Founders well positioned to ramp up exploration at Antino, fully funding our planned 2025 exploration budget and the near-term addition of a fourth diamond drill."
Clive Johnson, B2Gold's President & CEO added, "This investment continues B2Gold's strategy of identifying and investing early in discoveries with Tier 1 potential. The rigorous exploration efforts undertaken by Founders' technical and management team have clearly highlighted the district-scale potential of the Antino Gold Project. We look forward to lending our strong technical expertise and experience to support the Founders' team as they continue to define Antino's upside."
Pursuant to the Strategic Investment, B2Gold has agreed to purchase 4,400,000 Shares at a price of C
Agentis Capital Mining Partners is acting as financial advisor to the Company on the Strategic Investment.
The Strategic Investment is expected to close in the fourth quarter of 2024 and is subject to customary closing conditions, including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange.
About Founders Metals Inc.
Founders Metals is a Canadian-based exploration company focused on advancing the Antino Gold Project located in Suriname, South America, in the heart of the Guiana Shield. Antino is 20,000 hectares and has produced over 500,000 ounces of gold from surface and alluvial mining to date1. The Company drilled 10,000 metres in 2023 and is fully financed for drilling in 2024.
12022 Technical Report - Antino Project; Suriname, South America. K. Raffle, BSc, P. Geo & Rock Lefrançois, BSc, P.Geo.
ON BEHALF OF THE BOARD OF DIRECTORS,
Per: "Colin Padget"
Colin Padget
President, Chief Executive Officer, and Director
Contact Information
Katie MacKenzie, Vice President, Corporate Development
katiem@fdrmetals.com
1.306.537.8903
Neither TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statement Regarding Forward-Looking Information
This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, statements regarding the use of proceeds from the Company's recently completed financings and the future or prospects of the Company. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect ", "is expected ", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements are necessarily based upon a number of assumptions that, while considered reasonable by management, are inherently subject to business, market, and economic risks, uncertainties, and contingencies that may cause actual results, performance, or achievements to be materially different from those expressed or implied by forward-looking statements. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, other factors may cause results not to be as anticipated, estimated, or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Other factors which could materially affect such forward-looking information are described in the risk factors in the Company's most recent annual management discussion and analysis. The Company does not undertake to update any forward-looking information except in accordance with applicable securities laws.
All material information on Founders Metals can be found at www.sedarplus.ca.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/226352
FAQ
What is the value of B2Gold's investment in Founders Metals (FDMIF)?
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