RE:FYI -- Jul 27 2021 Final short form prospectus -- SEDARKewl002 wrote: The 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
Thanks for posting. IMHO this shelf prospectus is going to be for the purpose of raising USD funds along with the NYSE/AMEX listing. I expect a lot of news flow coming in the days ahead. The gap in news flow is unlike NFG previous patterns so I expect a lot of news coming up.
I of course do not know the timing of when the shelf prospectus will be used and to what extent, buy my experience is that you want to have a sufficient trading float and provide more liquidity to a market. Right now NFGFF does not have liquidity on the OTC. We will see.
BC