New Found Gold Corp V.NFG

Alternate Symbol(s): NFGC

Metals & Mining Gold

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

New Found Gold Corp

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Post by Dixiedeeon Jul 03, 2023 6:20pm

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Post# 35525170

Clarification of management compensation

I asked the company about share compensation and below is what the response was employees are granted options

Thank you for your inquiry. Management does not receive any form of compensation in shares of the Company. The company grants management, consultants and its employees stock options which are paid for by our people when exercised. The stock options are given a fair value on the date of grant using the Black-Scholles option pricing model. This does not mean that the individual has received this value in shares as oftentimes these options expire out-of-the money or the individual may forfeit the right due to departure from the Company.

Many thanks,

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