Founders Metals acquires full control of Antino gold project; Gold Fields takes 19.9% stake
GFI Gold Fields Ltd ADR
$40.92 -1.40%
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- 1Founders Metals (FDMIF) acquires the remaining 30% stake in Antino from Nanari Resources, securing 100% of the gold project
- 2Consideration is $17 million in cash, 13,568,944 common shares, and up to $21 million in contingent payments; Gold Fields (GFI) makes a strategic investment of about 19.9%
- 3Founders Metals takes full control of the 102,360-hectare site, using the C$69,958,864 raised to cover the cash consideration and exploration; the deal is expected to close around September 4
This 3-line summary is compiled from the report below.
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