Gold Fields (US:GFI) Newsfileยท2025-11-10 13:50Core Viewpoint - Founders Metals Inc. has successfully closed a strategic investment with Gold Fields Netherlands Services B.V., raising $50 million through the issuance of 12,048,193 common shares at a price of $4.15 per share, resulting in Gold Fields controlling 10.55% of the company [1][2]. Group 1: Investment Details - The proceeds from the strategic investment will be allocated for land consolidation, regional exploration activities, working capital, and general corporate purposes at the Antino Gold Project in Suriname [2]. - The financing is subject to a four-month and one day statutory hold period and requires final approval from the TSX Venture Exchange [3]. Group 2: Shareholder Rights and Future Plans - An investor rights agreement has been established, granting Gold Fields top-up and financing participation rights, technical committee representation rights, and the right to appoint a nominee to the board if ownership reaches 12.5% [5]. - Gold Fields intends to monitor Founders' business and may adjust its equity ownership in the future based on its evaluations [4]. Group 3: Company Background - Founders Metals is focused on advancing the Antino Gold Project, which spans 56,000 hectares and has produced over 500,000 ounces of gold from historical mining [9]. - The company emphasizes responsible exploration, community engagement, and delivering long-term value to shareholders through technical excellence and strategic growth in the Guiana Shield [9]. Group 4: Gold Fields Overview - Gold Fields is a globally diversified gold producer with nine operating mines across multiple countries and a total attributable annual gold-equivalent production of 2.1 million ounces [7].