New Found Gold Corp V.NFG

Alternate Symbol(s): NFGC

Metals & Mining Gold

New Found Gold Corp. is a Canada-based mineral exploration company. The Company is 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 an 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 also owns a 100% interest in the Kingsway property, which consists of 264 claims on three licenses covering approximately 77 square kilometers. The project is located approximately 18km northwest of the town of Gander, Newfoundland. The Company is undertaking a 650,000-meter drill program on Queensway. It has royalty interests underlying Keats South and several additional zones in Queensway.

TSXV:NFG - Post by User

New Found Gold Corp > BMO selling NFG shares

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Comment by Dixiedeeon Dec 08, 2022 1:58pm

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Post# 35159749

RE:BMO selling NFG shares

Retiredgeo wrote:

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 I did not like looks like this offering was put together when stock was trading lower to bad they didn't reprice it at a higher level it looks like the company will have 85.5 million to go along with the 55 mill they currently have .
looks like they are going to do the survey and then drill the heck out of it and prove up this massive resource
This is going to be a huge mining development and they are wasting no time proving that

This is why the price is down. Until these shares are bought up the share price will remain artificially low.