B2Gold Completes the Purchase of 1.17 Million Common Shares of Founders Metals Inc.

B2Gold Corp. (NYSE:BTG) is one of the 11 Low Price High Volume Stocks to Buy According to Analysts. On August 20, B2Gold Corp. (NYSE:BTG) completed the purchase of 1.17 million common shares of Founders Metals Inc.

B2Gold Corp. (NYSE:BTG) increased its stake in Founders Metals by fulfilling the obligations under the Shareholder Agreement. The company completed the purchase of shares in the open market to carry out its agreement.

“B2Gold’s decision to increase its 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,” Colin Padget, President and CEO of Founders Metals.

By implementing the agreement, B2Gold has preserved its right to participate in future financings up to a maximum of 9.9% ownership. The recent purchase has increased B2Gold’s total stake in Founders Metals to approximately 6%.

B2Gold Corp. (NYSE:BTG) is a gold mining company and operates the Fekola Mine, the Masbate Mine, the Otjikoto Mine, and the Gramalote gold project.

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Disclosure: None. This article is originally published at Insider Monkey.