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New Found Gold Closes First Tranche of C$56 Million Bought Deal Financing for Gross Proceeds of C$42 Million
New Found Gold Closes First Tranche of C$56 Million Bought Deal Financing for Gross Proceeds of C...
About this update from New Found Gold Corp
[{"type":"text","content":"\n\n\n\n New Found Gold Closes First Tranche of C$56 Million Bought Deal Financing for Gross Proceeds of C$42 Million\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 June 3, 2025\n \n\n /CNW/ -\n \n New Found Gold Corp\n \n . (TSXV: NFG) (NYSE-A: NFGC) (\"\n \n New Found Gold\n \n \" or the \"\n \n Company\n \n \") is pleased to announce that it has closed the first tranche of its previously announced \"bought deal\" public offering of (i) 21,400,000 charity flow-through common shares of the Company (the \"\n \n Charity\n \n\n Flow-Through Common Shares\n \n \") that will qualify as \"flow-through shares\" (within the meaning of subsection 66(15) of the\n \n Income Tax Act\n \n (\n \n Canada\n \n )) at a price of\n \n C$2.29\n \n per Charity Flow-Through Common Share (the \"\n \n Charity Flow-Through Common Share Offering Price\n \n \"), and (ii) 4,370,000 common shares (the \"\n \n Common Shares\n \n \") at a price of\n \n C$1.63\n \n per Common Share, for aggregate gross proceeds of\n \n C$56,129,100\n \n (the \"\n \n Offering\n \n \").\n \n\n\n\n\n\n\n\n\n The first tranche of the Offering consists of 15,265,000 Charity Flow-Through Common Shares and 4,370,000 Common Shares for aggregate gross proceeds of\n \n C$42,079,950\n \n .\n \n\n The first tranche of the Offering was completed pursuant to an underwriting agreement dated\n \n May 29, 2025\n \n (the \"\n \n Underwriting Agreement\n \n \"), entered into among the Company and a syndicate of underwriters led by BMO Capital Markets and SCP Resource Finance LP and including Paradigm Capital Inc., Canaccord Genuity Corp., Haywood Securities Inc., Stifel Nicolaus Canada Inc., Roth Canada, Inc., A.G.P. Canada Investments ULC and ATB Securities Inc. (collectively, the \"\n \n Underwriters\n \n \").\n \n\n Pursuant to the Underwriting Agreement, the second tranche of the Offering will consist of the further issuance by the Company of 6,135,000 Charity Flow-Through Common Shares at the Charity Flow-Through Common Share Offering Price per Charity Flow-Through...