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New Found Gold Corp V.NFG

Alternate Symbol(s):  NFGC

New Found Gold Corp. is a Canada-based mineral exploration company engaged in the acquisition, exploration and evaluation of resource properties with a focus on gold properties located in Newfoundland and Labrador, Canada. The Company holds a 100% interest in the Queensway Project, which comprises a approximately 1,662 square kilometers area, located about 15 kilometers (km) west of Gander, Newfoundland and Labrador, and just 18 km from Gander International Airport. The Queensway Project is divided by Gander Lake into Queensway North and Queensway South. The Company is undertaking a 500,000-meter drill program at Queensway.


TSXV:NFG - Post by User

Comment by BlindBoyon Jul 26, 2021 2:53pm
126 Views
Post# 33605245

RE:RE:RE:eastern front

RE:RE:RE:eastern frontI would guess you're probably referring to McEwen.  Not so sure about no other insiders being allowed to getting involved though.

On the Exploits insider sale to Sprott, which took Eric to over 30%, it was arranged as a private transaction.

The big difference here though, is whether Eric and Rob would be able to agree on a correct $ value, since it would be be an enormously larger amount regardless off the share price value. 

If they could, I don't know if it would be acceptable to the authorities as a private transaction (like the Exploits agreement), or if he'd have to receive a vote from the shareholders (like in his Sokoman move to control status).
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