B2Gold Increases Position in Founders Metals
B2Gold Increases Position in Founders Metals
Vancouver, British Columbia--(Newsfile Corp. - August 20, 2025) -
Founders Metals Inc.
(TSXV: FDR)
(OTCQX: FDMIF) (FSE: 9DL0) ("Founders" or the "Company") announces that B2Gold Corp.
("B2Gold") has completed its obligations under the Shareholder Agreement by purchasing 1,170,000
common shares (the "Shares"), as outlined in the Company's
November 5, 2024
press release. B2Gold
purchased the Shares in the open market to fulfill its agreement and preserve its right to participate in
future financings up to a maximum of 9.9% ownership. Together with its prior private placement
subscriptions, B2Gold now holds ~6% of Founders' issued and outstanding common shares on a non-
diluted basis.
Colin Padget
,
President and CEO
, commented: "B2Gold's decision to increase their position
demonstrates strong confidence in Founders and the Antino Gold Project. Their continued investment
reinforces our shared belief in Antino as a Tier 1 discovery, and we're pleased to have their ongoing
support as we work to unlock the project's full potential and realize value for shareholders."
About Founders Metals Inc.
Founders Metals 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. Antino is 20,000 hectares
and has produced over 500,000 ounces of gold from historical surface and alluvial mining to date
1
. The
Company is systematically advancing one of Suriname's most promising gold exploration and
development opportunities with drill-confirmed, district-scale potential. Founders is committed to
responsible exploration, community engagement, and delivering long-term value to shareholders through
technical excellence and strategic growth in the Guiana Shield.
ON BEHALF OF THE BOARD OF DIRECTORS,
Per:
"
Colin Padget
"
Colin Padget
President, Chief Executive Officer, and Director
Contact Information
Katie MacKenzie, Vice President, Corporate Development
Tel: 306 537 8903 |
Harp Gosal, Director, Investor Relations
Tel: 236 301 4211 |
Cautionary Statement Regarding Forward-Looking Information
This press release contains "forward-looking information" within the meaning of applicable Canadian
securities legislation, including statements regarding the use of proceeds from the Company's recently
completed financings and the Company's prospects. Forward-looking information can generally be
identified by words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates", "believes", or variations indicating that certain actions, events or
results "may", "could", "would", "might" or "will" occur or be achieved.
Forward-looking statements are based on management's current expectations and reasonable
assumptions but are subject to business, market, and economic risks, uncertainties, and contingencies
that may cause actual results to differ materially from those expressed or implied, including: general
business and economic uncertainties; exploration results; mining industry risks; and other factors
described in the Company's most recent annual management discussion and analysis. Although the
Company has attempted to identify important factors that could cause actual results to differ materially,
other factors may cause results not to be as anticipated. There can be no assurance that forward-looking
information will prove accurate, as actual results and future events could differ materially from those
anticipated. Accordingly, readers should not place undue reliance on forward-looking information. The
Company does not undertake to update any forward-looking information except in accordance with
applicable securities laws. Neither TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
All material information on Founders Metals can be found at
www.sedarplus.ca
.
1
2022 Technical Report - Antino Project; Suriname, South America. K. Raffle, BSc, P. Geo & Rock Lefrançois, BSc, P.Geo.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/263161