BMO selling NFG shares Issuer: New Found Gold Corp.
Issue: Treasury offering of 6,250,000 common shares
Amount: C$35,500,000 plus option of 15%
Re-Offer Price: $5.68 per common share
Transfer: $5.54
Offering: All provinces and territories of Canada, except Quebec
Listing: Existing common shs trade on TSXV: “NFG”
P&D: December 14, 2022
U/W: BMO CM 50/ PC 14/ CG 9/ LB 9/ Nat’l 9/ Roth 9
This is why the price is down. Until these shares are bought up the share price will remain artificially low.