Gold Fields agrees to C$76.96 million Founders Metals share subscription for 19.9% stake
GFI•Founders Metals private placement with Gold Fields
Founders Metals agreed a C$76.96 million private placement with Gold Fields Netherlands Services for 14,146,850 common shares at C$5.44.
Gold Fields is expected to own about 19.9% of the company following closing, alongside the Antino consolidation transaction.
Proceeds are earmarked to fund the transaction’s cash component, regional exploration at Antino, working capital, and general corporate purposes.
Closing is targeted for about Sept. 4, 2026, subject to TSX Venture Exchange approval.
