B2gold invests c$12.1 million in founders metals

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$12.1 million investment (the "strategic investment") at a price of c$2.75 per common share (each, a "share"). together with the previously announced bought deal private placement of c$20m (the "brokered offering"), the company will raise a total of c$32.1 million, fully funding the planned 2025 budget.
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