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New Found Gold Corp V.NFG

Alternate Symbol(s):  NFGC

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

Comment by megacopperon Apr 18, 2021 10:29am
188 Views
Post# 33018732

RE:RE:RE:Eric Sprott buying more NFG

RE:RE:RE:Eric Sprott buying more NFG
megacopper wrote:

 

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 Gold Corp
Symbol NFG
Shares Issued 148,684,523
Close 2021-04-08 C$ 5.01
Recent Sedar Documents

 

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.

 



 



Sorry the April 12th block of 842,900 shares at $5.02 looks like it might have been extra outside of the other blocks mentioned in the news release. 

 

Filings by transaction date 

  • Apr 12, 2021 (filed on Apr 17, 2021)
    Insider Name:
    2176423 Ontario Ltd.
    Ownership Type:
    Direct Ownership
    Securities:
    Common Shares
    Nature of Transaction:
    10 - Acquisition or disposition in the public market
    # or value acquired/disposed of:
    842,900
    Price:
    $5.02

 

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