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 > 13.5 million NFG shares

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Comment by Kincar3on Feb 13, 2023 10:34am

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Post# 35282970

RE:13.5 million NFG shares

Thanks for posting this info. I am unclear about the short paragraph included under "Details"...

"Details: Pursuant to the escrow agreement 10% of the securities are subject to release from escrow on the offering date and then in 15% equal tranches over the course of next 6 months, 12 months, 18 months, 24 months, 30 months and 36 months after the offering date."

Is the offering date today, and this incremental process of releasing 10% and then 15% of the locked shares starts now; or, is the offering date the original IPO offering date and this incremantal process has been underway all along?

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