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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

Post by Kewl002on Aug 04, 2021 2:14pm
234 Views
Post# 33649118

FYI -- Jul 27 2021 Final short form prospectus -- SEDAR

FYI -- Jul 27 2021 Final short form prospectus -- SEDARThe FINAL short-form base-shelf prospectus for $100M was filed on SEDAR last Friday 07/27/21.

Part of the process was to include all significant changes within the corporation since inception.

Had the company issued PR's during the preparation period for these documents, NFG would have had to re-do all documents in the middle of the process (ie: news blackout period). Also filed were multiple Undertakings, Jurisdiction and Content letters all same dated.

Just because a base-shelf prospectus has been filed does NOT mean that the company has to execute same and raise funds. However, with the prospectus now filed, the company COULD CHOOSE to raise the $100M at any time it so chooses during the prospectus validity period (25 months = Aug 2023).

The established last date of trading prior to filing was set as July 26, 2021 at $9.83 on TSXV.

This legal document is extensive and will be "old news" to many , however, for new investors it contains an interesting summary of events.

Can be viewed at --> www.sedar.com --- search for New Found Gold



 
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