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New Found Gold Announces Results of Annual General and Special Meeting; Adds Experienced Mining Executive to Board; Restart of Exploration Activities at Queensway Gold Project
New Found Gold Announces Results of Annual General and Special Meeting; Adds Experienced Mining E...
About this update from New Found Gold Corp
[{"type":"text","content":"\n\n\n\n New Found Gold Announces Results of Annual General and Special Meeting; Adds Experienced Mining Executive to Board; Restart of Exploration Activities at Queensway Gold Project\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n VANCOUVER, BC\n \n\n ,\n \n\n Aug. 20, 2025\n \n\n /CNW/ - New Found Gold Corp. (\"\n \n New Found Gold\n \n \" or the \"\n \n Company\n \n \") (TSXV: NFG) (NYSE-A: NFGC) is pleased to welcome\n \n Tamara Brown\n \n to its board of directors (the \"\n \n Board\n \n \"). Following the Annual General and Special Meeting of the shareholders of New Found Gold (the \"\n \n Shareholders\n \n \") held in\n \n Vancouver, BC\n \n , on\n \n August 20, 2025\n \n (the \"\n \n Meeting\n \n \"), the Board now comprises\n \n Paul Huet\n \n ,\n \n Keith Boyle\n \n ,\n \n William Hayden\n \n ,\n \n Vijay Mehta\n \n ,\n \n Melissa Render\n \n ,\n \n Chad Williams\n \n and\n \n Tamara Brown\n \n .\n \n\n\n\n\n\n\n\n\n At the Meeting, disinterested Shareholders voted in favour of an ordinary resolution to approve the creation of Mr.\n \n Eric Sprott\n \n as a new \"Control Person\" (as defined by the policies of the TSX Venture Exchange (the \"\n \n TSXV\n \n \")). It is anticipated that Mr. Sprott will become a new Control Person upon closing of the previously announced non-brokered private placement of up to 12,269,939 common shares (the \"\n \n Common Shares\n \n \") at a price of\n \n C$1.63\n \n per Common Share for gross proceeds of approximately\n \n C$20 million\n \n (the \"\n \n Private Placement\n \n \"). The Private Placement is anticipated to close by\n \n August 27\n \n , 2025, subject to final approval of the TSXV and authorization of the NYSE American LLC (the \"\n \n NYSE American\n \n \").\n \n\n In addition, resolutions regarding the following matters were passed by the requisite majority at the Meeting:\n \n\n\n fixing the number of directors at seven;\n \n\n appointing KPMG LLP, Chartered Professional Accountants, as auditor of the Company at a remuneration to be fixed by the Board;\n \n\n approving t...