newsfilecorp.com
Founders Metals Closes C$20M Bought Deal Financing
Vancouver, British Columbia--(Newsfile Corp. - October 25, 2024) - Founders Metals Inc. (TSXV:FDR) ("Founders" or the "Company") is pleased to announce the closing of its previously-announced bought deal private placement offering of 8,340,000 common shares of the Company (the "Offered Shares") at a price of C$2.40 per Offered Share for aggregate gross proceeds of C$20,016,000 (the "Offering"). The Offering was led by BMO Capital Markets, as lead underwriter and sole bookrunner, on behalf of a syndicate of underwriters including Clarus Securities Inc., Paradigm Capital Inc. and H&P Advisory Limited (collectively, the "Underwriters").
