New Found Gold Spikes In After Hours Trading After Announcing $69 Million In New Funding

New Found Gold Announces C$49 Million Bought Deal Financing and C$20 Million Private Placement: Continued Support with Lead Orders by Strategic Investor Eric Sprott

VANCOUVER, British Columbia, May 27, 2025 (GLOBE NEWSWIRE) -- New Found Gold Corp. (“New Found Gold” or the “Company”)(TSX-V: NFG, NYSE-A: NFGC) has announced today that it has entered into an agreement with BMO Capital Markets and SCP Resource Finance…

Eric Sprott takes controlling stake in New Found Gold

New Found Gold (TSXV:NFG) will undertake a C$49 million bought-deal offering and a C$20 million non-brokered private placement Prominent mining investor Eric Sprott will participate in both financings, increasing his investment into a controlling over 20-per-cent stake New Found Gold is a top gold explorer and project developer in Newfoundland and Labrador, a tier-one mining jurisdiction New Found Gold stock has given back 59.2 per cent year-ove…

New Found Gold Spikes In After Hours Trading After Announcing $69 Million In New Funding

Despite a disappointing mineral resource estimate that was announced earlier this year for the Queensway project, New Found Gold Corp (TSXV: NFG) has managed to secure additional funding to continue to move the project forward. The equity last night announced that it will be conducting a bought deal financing to raise gross process of $49 million, which will occur alongside a $20 million private placement that will see Eric Sprott continue to su…