The securities may be offered by us or by our securityholders.
Will Eric or for example sell some of their shares ?
The securities may be offered separately or together, in amounts, at prices and on terms to be determined based on market conditions at the time of the sale and set forth in an accompanying prospectus supplement.
In addition, the securities may be offered and issued in consideration for the acquisition of other businesses, assets or securities by the Company or a subsidiary of the Company.
The consideration for any such acquisition may consist of any of the securities separately, a combination of securities or any combination of, among other things, securities,
Funds are insufficient for any major acquisition although supplementation by equity might expand the price range.
However, Maritime comes to mind, given that NFG holds some MAE equity and loaned some of the funds to buy the Point Rousse assets.
In a situation in which NFG cannot mine its shallow deposits due to permitting delays and absence of tailings ponds, Maritime could , with its two gold mills , produce up to 100,000 ounces per year from its fully permitted high grade HammerDown open pit mine and surrounding deposits, starting in late 2025.
One presumes that the MOU tolling agreement is in the scenario that NFG can begin early mining of NFG.
Further, in the alternative scenario, as a wholly owned subsidiary, Maritime could be assigned the responsibility of exploring and developing QWS, unlocking the value of that considerable asset which contributes nil to our current market cap while producing robust cash flows frim its Baie Verte mines..