New Found Gold Corp V.NFG

Prospectus Option for equity sale by security holders

[nozzpack]

with a total offering price of such securities, in the aggregate, of up to US$300,000,000.

The securities may be offered by us or by our securityholders.

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,

[roberto146]

nozzpack: When was this early warning issued?

[nozzpack]

August 1 2024. I have a feeling that PALI will be selling their NFG shares...it's a nice compact 44 million shares..

[nozzpack]

It's my view that the Cornerstone Investor will enter through a buyout of Pali and its 44 million NFG shares. ES won't be selling his shares nor perhaps any other major shareholder, so Pali is the obvious choice and they have been setting up for the past year..

[Evenkeel123]

You know something, that money may be earmarked to buy out ES and he moves on.  I wonder. EK

[roberto146]

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

[nozzpack]

Very similar indeed to that long ago sale by Rob. Pali also got their shares dirt cheap. Massive insider buying of Pali in the past year shows that something big is on their radar..