IPO - New Found Gold Corp.

Form Type: SUPPL

Filing Date: 2025-05-30

Corporate Action: Ipo

Type: New

Accession Number: 000110465925054382

Filing Summary: New Found Gold Corp. has filed a Prospectus Supplement relating to the offering of 4,370,000 common shares and 21,400,000 flow-through shares, with an offering price of $1.63 per HD Offered Share and $2.29 per FT Offered Share. The total proceeds raised through the offering is projected to be $56,129,100. The underwriting agreement was entered into with BMO Nesbitt Burns Inc. and other underwriters, establishing the terms, including commissions and net proceeds. The company plans to incur sufficient Canadian exploration expenses by December 31, 2026, which will enable the renunciation of such expenses in favour of purchasers. The expected completion of the sale is hypothesized to occur in two tranches around June 3, 2025, and June 12, 2025. The company also plans to execute a non-brokered private placement, which may elevate a certain individual’s holdings to over 20%. Broader implications of market risks and tax consequences for investors also accompany this offering.

Form Type: F-10

Filing Date: 2025-05-23

Corporate Action: Ipo

Type: New

Accession Number: 000110465925052357

Filing Summary: New Found Gold Corp. has filed a Registration Statement under the Securities Act of 1933 on Form F-10 on May 23, 2025. This filing includes a short form base shelf prospectus allowing the company to sell securities amounting to up to US$300,000,000. The securities may include common shares, warrants, subscription receipts, units, debt securities, and share purchase contracts, with sales occurring from time to time over a 25-month period. The offer is regulated under British Columbia jurisdiction, with advanced notice that sales may commence immediately upon filing. Investors should be aware of the speculative nature of this investment and read risks associated with the offering. The company prepares financial statements under International Financial Reporting Standards (IFRS), which may differ from U.S. GAAP, and it has authorized no underwriters for the offering. The common shares are traded under the symbol 'NFG' on TSX Venture Exchange and and 'NFGC' on NYSE American. Key regulatory compliance and the potential tax implications in both Canada and the U.S. are outlined. Additional details regarding specific offerings will be provided in prospectus supplements as needed.