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New Found Gold and Maritime Resources Announce Closing of Previously Announced Arrangement: Creation of an Emerging Canadian Gold Producer
Vancouver, British Columbia--(Newsfile Corp. - November 13, 2025) - New Found Gold Corp.  (...
About this update from New Found Gold Corp
[{"type":"text","content":"New Found Gold and Maritime Resources Announce Closing of Previously Announced Arrangement: Creation of an Emerging Canadian Gold ProducerVancouver, British Columbia--(Newsfile Corp. - November 13, 2025) - New Found Gold Corp. (TSXV: NFG) (NYSE American: NFGC) (\"New Found Gold\" or the \"Company\") and Maritime Resources Corp. ( \"Maritime Resources\") (TSXV: MAE) are pleased to announce that they have closed their previously announced transaction whereby New Found Gold has acquired all of the issued and outstanding shares of Maritime Resources (the \"Maritime Shares\"), that it does not already own, by way of a statutory plan of arrangement pursuant to Division 5 of Part 9 of the Business Corporations Act (British Columbia) (the \"Transaction\").In connection with the completion of the Transaction, Allen Palmiere joined the board of directors of New Found Gold (the \"Board\") and Melissa Render, President of New Found Gold resigned from the Board. All the directors and officers of Maritime Resources resigned from their positions. Keith Boyle, Chief Executive Officer and Director of New Found Gold, stated: \"In less than a year, New Found Gold has transformed from an early-stage exploration company to an emerging Canadian gold producer with camp-scale exploration potential. Today we see two high-quality assets, the Queensway Gold Project and the Hammerdown Gold Project, located in a Tier 1 jurisdiction with strong synergies, come together at a time of highly favourable gold prices. Under the guidance of an experienced new Board, the Company's management team of mine builders and operators are focused on the path to production and continuing to deliver shareholder value.\"\"The combined Company is now producing gold; we could not have gotten to this point without the support of our local communities. For this we give our thanks and look forward to continuing this journey with you,\" continued Mr. Boyle.Paul Andre Huet, Chairman of New Found Gold, stated: \"I am pleased to welcome Allen Palmiere to the Board. Allen brings a depth of operational, management and finance experience to the Company and his expertise on the Maritime Resources assets is of great value. On behalf of the Board and the entire company, I would also like to thank our President, Melissa Render for her service on the Board.\"Garett Macdonald, Preside...