New Found Gold Corp V.NFG

Update to $48 Million Investment by Eric Sprott

[Betteryear2]

November 17, 2021 06:00 AM Eastern Standard Time

VANCOUVER, British Columbia--(BUSINESS WIRE)--New Found Gold Corp. (“New Found” or the “Company”) (TSXV:NFG, NYSE American:NFGC) is pleased to provide an update regarding the previously announced non-brokered private placement with Mr. Eric Sprott of 5 million common shares of New Found (the “Common Shares”), at a price of C$9.60 per Common Share, for gross proceeds of C$48 million (the “Offering”). The Company is pleased to announce it has received conditional approval of the Offering from the TSX Venture Exchange (the “TSXV”) and approval by the shareholders of the Company is not required by the TSXV. The Offering is expected to close on November 24, 2021.

 

https://www.businesswire.com/news/home/20211117005499/en/

[Thirdperson]

So any purchase of shares under $9.60   should be a no-brainer..

[goldstd69]

not sure of that number...a no brainer would be a buy under 7 or so not 9.60...I like this stock and own some but the price action is stalled...good news on clarification would provide a boost to 9.00 or higher...jmho dyodd