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New Found Gold Corp V.NFG

Alternate Symbol(s):  NFGC

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

Post by Retiredgeoon Aug 05, 2024 11:31am
183 Views
Post# 36164629

Housekeeping on SEDAR

Housekeeping on SEDARNFG has requested permission to sell up to $300,000,000 USD of shares.  There is a difference netween permission and intent.  It's intent may be to sell zero shares.  It will have the permission to do do if it ever needs it.

It may also seek permission to buy back it's shares at so much per week.  More housekeeping.  It will probably buy back zero shares.

Having the permissions on file is just management.  Don't read anything into it.

A new ATM will probably be announced when the old one expires.  This isn't it.
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