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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 suregold2on Dec 03, 2024 11:00am
69 Views
Post# 36342860

RE:RE:RE:RE:RE:RE:Latest news release

RE:RE:RE:RE:RE:RE:Latest news release
Not sure what your agenda is but the 1,550,000 are options outstanding under the company compensation plan with an expiry date of DEc17!. These werer outstanding at September 30, 2024. None have been exercised since that date. Any exercise by a company insider would have to been reported on Sedi. None have been! These are not warrants attached to any share offering to the public! The company does not have any warrants outstanding (check their website for share structure). There is a total of 12,144,000 options outstanding under the comp olan and the vast majority of those are held by CK, Craug Roberts and Denis L!
These are factual numbers readily available from both the website, financials and Sedi!
I have no idea of what you mean by talk of a share dump in December! Clearly you have no idea of what an option is! Insiders holding those 1.55 million to be exercised before Dec 17, will exercise them and for a price of 50 cents get 1.55 million shares in return. Those options were all granted in or before 2020! Remaining 11 million all have different expiry dates at higher prices. Hope this is now clear to all who do not understand.
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