Founders Metals to Consolidate 100% Ownership of Antino Gold Project; Gold Fields Increases Strategic Stake to 19.9%
Gold Fields agreed to invest C$76.9 million in Founders Metals via a private placement, acquiring a 19.9% strategic stake in the junior mining company. The investment involves the purchase of 14.1 million shares at a price of C$5.44 per share, based on the five-day volume-weighted average price.
Key figures
- Investment shares
- 14146850
- Investment price cad
- 5.44
- Investment amount cad
- 76958864
- Post investment stake percent
- 19.9%
AI analysis
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