C$292M Gold Merger: New Found Gold Combines with Maritime to Create Newfoundland Production Hub

New Found Gold buys Maritime for $212M

The merged company combines New Found’s Queensway project starting in 2027 with Maritime’s Hammerdown project launching this year.

New Found Gold to Acquire Maritime, Creating a New Canadian Gold Producer - Channelchek

The Canadian gold sector is set for a significant shakeup as New Found Gold Corp. announced plans to acquire Maritime Resources Corp. in a deal valued at approximately $292 million. The combination, announced Friday, will establish an emerging multi-asset gold producer in Newfoundland, a Tier 1 jurisdiction that has been attracting rising investor attention in recent years. Under the arrangement, Maritime shareholders will receive 0.75 of a New …

New Found to acquire Maritime Resources in $292 million deal – Resource World Magazine

New Found Gold Corp. [NFG-TSXV] said it has struck a definitive deal to acquire all of the issued and outstanding shares of Maritime Resources Corp. [MAE-TSXV] it does not already own via a plan of arrangement. Under the terms of the transaction, Maritime shareholders will each receive 0.75 of a New Found Gold share. New Found currently owns 0.1% of Maritime shares. The implied value of the deal is approximately $292 million. The exchange ratio i

New Found Gold To Acquire Maritime Resources In Bid To Advance Production Timeline

New Found Gold (TSXV: NFG) evidently has its sights set on becoming a gold producer, with the company this morning announcing a definitive agreement to acquire Maritime Resources (TSXV: MAE). The arrangement is expected to establish a multi-asset near term gold producer, thanks in part to Maritime’s Hammerdown Gold project, which is expected to enter […]

New Found Gold to acquire Maritime Resources for $292M

New Found Gold (TSXV:NFG) will acquire Maritime Resources (TSXV:MAE), creating a near-term central Newfoundland gold producer with synergistic projects Consideration implies a C$292 million valuation for Maritime Once closed, the transaction would expedite New Found Gold’s path to production from 2027 to early 2026 New Found Gold (TSXV:NFG) will acquire Maritime Resources (TSXV:MAE), creating a near-term central Newfoundland gold producer with s…

New Found Gold buys Maritime for $292M - The Northern Miner

New Found Gold (TSXV: NFG; NYSE-A: NFGC) is acquiring Maritime Resources (TSXV: MAE) in a deal valued at about $292 million (US$212 million) that would create a multi-asset gold producer...