RE:IKN comments on New Found Gold CorporationMost pitiful article....NFG has enough money to do what they want they way they want to do it and
are accountalble to no one....get over it. Jealousy gets you no where...they can afford to be
quiet.IKE
yanster2419 wrote: https://iknnews.com/new-found-gold-nfg-drill-results-news/
07 / 26 / 22
New Found Gold (NFG) drill results news
Or not, as the case may be. Pardon this humble corner of cyberspace for daring to mentioning it, but isn’t NFG rather quiet out for a company…
On April 8, 2021, the Company completed a non-brokered private placement financing of 2,857,000 flow-through common shares at a price of $5.25 per common share for gross proceeds of $14,999,250. The Company paid share issuance costs of $587,641 in cash of which $524,974 were finder’s fees. The premium received on the flow-through shares issued was determined to be $1,971,330.
On August 24, 2021, the Company completed a bought-deal private placement financing of 5,048,500 flow-through common shares at a price of $11.39 per common share for gross proceeds of $57,502,415, which included the full exercise of the underwriter’s over-allotment option. The Company paid share issuance costs of $3,254,048 in cash of which $2,734,547 was paid to the underwriters. The premium received on the flow-through shares issued was determined to be $14,590,165.
On November 24, 2021, the Company completed a non-brokered private placement financing of 5,000,000 flow through common shares at a price of $9.60 per common share for gross proceeds of $48,000,000. The Company paid share issuance costs of $615,965 in cash of which $480,000 were finder’s fees. The premium received on the flow through shares issued was determined to be $12,600,000.
…that has $120m of flow-through cash to burn into the ground by the end of this year? They’re not trying to lump a massive number of holes into one NR in order to highlight a few stellar hits and gloss over a bunch of dusters and a lack of continuity at Queensway, are they? This company owes the market some disclosure on a serious amount of pending metres and with every day that passes…
…the doubts grow.