01:23 PM EDT, 07/04/2024 (MT Newswires) -- Prospector Metals ( PMCOF ) on Thursday said it closed a a strategic investment in the company by B2Gold ( BTG ) .

Under the transaction, B2Gold ( BTG ) subscribed for about 5.6-million shares priced at $0.163 apiece, raising $0.91 million.

The purchase gives B2Gold ( BTG ) a 9.9% stake in the company.

Prospector Metals ( PMCOF ) plans to use the gross proceeds from the issue and sale of the shares for exploration and development purposes on the company's ML Project in the Yukon.

Prospector shares were last seen unchanged at $0.17 on the TSX Venture Exchange.

Price: 3.73, Change: -0.03, Percent Change: -0.93