New Found Gold Corp V.NFG

Alternate Symbol(s): NFGC

Metals & Mining Gold

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

New Found Gold Corp > Oh oh

<< Previous

Bullboard Posts

Next >>

Comment by CliffBootheon Nov 10, 2022 9:31am

57 Views

Post# 35087967

RE:Oh oh

Ok, I will retract that. From what I just read I think they get 10$m cash out of the deal and the rest is shares.

They also have rolling GST receivables.

They will still need to finance in a few months though.

Betcha Eric wont particpiate.

Cliff

<< Previous

Bullboard Posts

Next >>

Day trading vs. swing trading strategies for small-cap stocks