Founders Metals secures C$30 million financing for gold exploration in Suriname

financialpost.com February 4, 2025, 11:00 PM UTC

Founders Metals Inc. has announced a C$30 million financing deal led by BMO Capital Markets. The company will sell 5,716,000 common shares at C$5.30 each, with an option for underwriters to purchase an additional 15%. The funds will be used to enhance exploration activities at the Antino Gold Project in Suriname. The offering is expected to close around February 20, 2025, pending regulatory approvals. Founders Metals is fully financed for up to 60,000 meters of drilling in 2025. The Antino project has produced over 500,000 ounces of gold from surface and alluvial mining.


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