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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

Comment by roberto146on Sep 03, 2024 12:24pm
119 Views
Post# 36206399

RE:RE:RE:RE:Prospectus Option for equity sale by security holders

RE:RE:RE:RE:Prospectus Option for equity sale by security holders Thanks. That's an interesting scenario - financing a PALI buyout with PALI's own holdings? PALI itself is also an interesting proposition, seems undervalued, even at the debased NFG share price? Big PALI share price decline this year, i suppose due to the losses booked.
...
Off topic, but when I saw the 44MM shares, it made me think of the 45MM Rubicon that early investor Rob McEwen secondary-offered. Overall, he got them for peanuts; he sold for about $180MM.
I sold my RMX either the same day or the day after ... and kept my winnings ...
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