RE:RE:Eric Sprott buying more NFG
porc2019 wrote: So Sprott bought recently on top of and after the private PP he financed?
Looks to me that the block on April 8th at $5.02 might have been on the open market but the other blocks were accounted for in the news release. He obviously likes NFG.
New Found investor Sprott acquires 2.85 M shares
2021-04-08 16:50 ET - News Release
An anonymous director reports
ERIC SPROTT ANNOUNCES INVESTMENT IN NEW FOUND GOLD CORP.
Eric Sprott and 2176423 Ontario Ltd., a corporation which is beneficially owned by him, have acquired ownership of 2,857,000 common shares of New Found Gold Corp., through a concurrent private placement and share purchase, of which 1.9 million shares were flow-through shares (at $5.25 per share) and 957,000 were shares (at $3.84 per share) for aggregate consideration of approximately $13,649,880.
Mr. Sprott now beneficially owns and controls 27,958,300 shares, representing approximately 18.4 per cent of the outstanding shares. Prior to this acquisition, Mr. Sprott beneficially owned and controlled 25,101,300 shares, representing approximately 16.8 per cent of the then-outstanding shares.