New Found Gold Takes Out Labrador GoldSeems like a very good deal for NFG.
Deals heating up in this neck of the woods.
LAB share price took a big hit...down 30% today....oooouch!
Here's the deal...
NFG will acquire a 100% interest in the Kingsway Project, including all property and mining rights associated with the property, (the “Transaction”) in exchange for $20,000,000 CAD (the “Purchase Price”) payable and satisfied by the delivery to LabGold of such number of NFG Common Shares (the “Consideration Shares”) determined by dividing the Purchase Price by the closing price of the NFG Common Shares on the TSX Venture Exchange (“TSXV”) on the last trading day prior to the closing of the Transaction.