New Found Gold Corp. Adds US$2M to Treasury: Sale of Third Party Secured Notes [Yahoo! Finance]
New Found Gold Corp (NFGC)
Company Research
Source: Yahoo! Finance
announce the sale of non-convertible senior secured notes of Maritime Resources Corp. (" Maritime "; the " Notes ") held by the Company for gross proceeds of US$2,000,000 (approximately CAD$2,778,000 Keith Boyle , CEO of New Found Gold, commented "We have recently announced the completion of a robust initial mineral resource estimate on our 100% owned Queensway Gold Project (" Queensway "). A fully funded preliminary economic assessment is underway, with completion scheduled for Q2/25. With the new team's focus squarely on advancing Queensway, this is an excellent time to monetize the Notes and add to our treasury without dilution to shareholders." On August 14, 2023 , the Company participated in a brokered note offering completed by Maritime consisting of the issuance of the Notes and common share purchase warrants (" Warrants "). The Notes were issued at a 2.0% original issue discount on the principal amount of the Notes for a gross investment of US$1,960,000 (CAD$2,638,500) . T
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News
- Dundee Corporation Announces Closing of Sale of New Found Gold Corp. Units [Yahoo! Finance]Yahoo! Finance
- New Found Gold Announces Infill Drilling at the Monte Carlo Zone, Queensway Gold Project [Yahoo! Finance]Yahoo! Finance
- New Found Gold Rises 5.6% on the Completion of the Queensway Gold Project Expansion [Yahoo! Finance]Yahoo! Finance
- New Found Gold (TSXV:NFG) Is Up 28.2% After High-Grade Keats Zone Drill Results - What's Changed [Yahoo! Finance]Yahoo! Finance
- Newfoundland and Labrador sees gold and mining boom amid exploration surge [Yahoo! Finance Canada]Yahoo! Finance Canada
NFGC
Sec Filings
- 12/11/25 - Form 6-K
- 12/5/25 - Form 6-K
- 12/1/25 - Form 6-K
- NFGC's page on the SEC website