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 > B2 gold buys 5% of Snowline

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Comment by AlwaysLong683on Mar 14, 2023 4:31pm

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Post# 35338346

RE:B2 gold buys 5% of Snowline

Flow-through financings are actually preferable because NFG should get a price per share significantly higher than was it's currently trading for at the time of the raise because the buyer of the financing can write off NFG expenses on their own tax returns given NFG can't use them since they don't generate any revenue. Win-Win.

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