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Founders Metals ( (TSE:FDR) ) just unveiled an announcement.
Founders Metals Inc. has successfully closed a bought deal private placement, raising C$32.5 million through the sale of over 6.1 million common shares. The funds will be used to accelerate exploration activities at the Antino Gold Project and for general corporate purposes. This financing was led by BMO Capital Markets with participation from several other underwriters. The Offering is subject to final acceptance by the TSX Venture Exchange and includes regulatory stipulations such as a hold period under Canadian securities laws.
More about Founders Metals
Founders Metals Inc. 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. The project spans 20,000 hectares and has produced over 500,000 ounces of gold from surface and alluvial mining. The company is fully financed for 60,000 metres of drilling in 2025.
YTD Price Performance: 6.51%
Average Trading Volume: 134,001
Technical Sentiment Consensus Rating: Hold
Current Market Cap: C$472.7M
For detailed information about FDR stock, go to TipRanks’ Stock Analysis page.
