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Bullboard - Stock Discussion Forum
New Found Gold Corp
V.NFG
Alternate Symbol(s):
NFGC
Metals & Mining
Gold
New Found Gold Corp., a mineral exploration company, engages in the identification, evaluation, acquisition, and exploration of mineral properties in the Provinces of Newfoundland and Labrador, Canada. The company primarily explores for gold deposit. It holds 100% interests in the Queensway project that includes 103 mineral licenses and 7,024 claims covering an area of 175,600 hectares located...
near Gander, Newfoundland; the Kingsway project located in Gander, Newfoundland; and the Mustang Property consisting of 3 mineral licenses. The company was formerly known as Palisade Resources Corp. and changed its name to New Found Gold Corp. in June 2017. New Found Gold Corp. was incorporated in 2016 and is headquartered in Vancouver, Canada.
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Bullboard (TSXV:NFG)
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(186)
•••
Justcray12
X
Comment by
Justcray12
on Mar 05, 2026 12:36pm
RE:anonymous selling
something is not right here!
(215)
•••
MadInvest
X
Post by
MadInvest
on Mar 05, 2026 12:24pm
anonymous selling
Yesterday anonymous sold over 500k shs. If related to the financing, it shouldn't be a surprise if it's reduced going forward. Quite often the heding peaks around the news and subsides after
...more
(73)
•••
PeterThomas
X
Comment by
PeterThomas
on Mar 05, 2026 11:55am
RE:RE:RE:RE:RE:RE:Financing
ya think ?
(146)
•••
fredo1
X
Comment by
fredo1
on Mar 05, 2026 11:21am
RE:RE:RE:RE:RE:RE:Financing
Suregold, the number of warrants was not specified in the press release.
(215)
•••
MadInvest
X
Comment by
MadInvest
on Mar 05, 2026 11:18am
RE:RE:RE:RE:RE:RE:RE:RE:Financing
Yes, free warrants. The 60 cent is the value derived from option models. There's no strike price since it's unknown other than it'll be at 25% premium to a range or price on a
...more
(250)
•••
suregold2
X
Comment by
suregold2
on Mar 05, 2026 11:14am
RE:RE:RE:RE:RE:RE:RE:RE:Financing
in other words, for those who do not understand they have received warrants allowing them to purchase 1 share for each warrant held at a price of $3.75 per share for a 24 month period. If share price
...more
(250)
•••
suregold2
X
Comment by
suregold2
on Mar 05, 2026 11:11am
RE:RE:RE:RE:RE:RE:RE:Financing
sorry, that is strike price! They did not pay for warrants they receive them free as part of the financing package. No where do they mention 60 cents. Here is full text, please read thoroughly!: In
...more
(250)
•••
suregold2
X
Post by
suregold2
on Mar 05, 2026 11:03am
Final derisking step
Boyle states in this latest interview one milestone left and that is permit which they expect to submit in April now, and they expect like Firefly to get approval in 45 days! So end of June should see
...more
(215)
•••
MadInvest
X
Comment by
MadInvest
on Mar 05, 2026 11:03am
RE:RE:RE:RE:RE:RE:Financing
"The warrants issued in connection with Tranche 1 will have an aggregate value of US$3,750,000, and the warrants issued in connection with Tranche 2 will have an aggregate value of US$1,875,000
...more
(250)
•••
suregold2
X
Comment by
suregold2
on Mar 05, 2026 10:53am
RE:RE:RE:RE:RE:Financing
Not sure where you are getting those numbers. They issued 1 million warrants with an exercise price of $3.75 on first Tranche and an additional 500,000 warrants at same exercise price. That is a
...more
(255)
•••
colt45acp
X
Comment by
colt45acp
on Mar 05, 2026 10:46am
RE:RE:RE:RE:RE:RE:Financing
YOU WOULD THINK WITH LATEST NEWS WE BE A LOT CLOSER TO 4.00 , you THINK ? LET SEE AT THE BELL. GLTA. I do not have deep pockets like some here but it is all good. jmo.
(5285)
•••
nozzpack
X
Comment by
nozzpack
on Mar 05, 2026 10:41am
RE:RE:RE:RE:RE:Financing
That may be why the share price was kept so low. If so, we should be able to regrow our wings..
(215)
•••
MadInvest
X
Comment by
MadInvest
on Mar 05, 2026 10:05am
RE:RE:RE:RE:Financing
It seems to me, NFG issued around 8-10 million wts to get the financing. That will raise around $30-40 mill when exercised. So it's not a big dilution but they are issuing potentially more shares.
...more
(186)
•••
Justcray12
X
Comment by
Justcray12
on Mar 05, 2026 9:38am
RE:Excellent news $$$
License to print money!!
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