New found gold closes first tranche of c$56 million bought deal financing for gross proceeds of c$42 million

Vancouver, bc , june 3, 2025 /prnewswire/ - new found gold corp. (tsxv: nfg) (nyse-a: nfgc) ("new found gold" or the "company") 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 "charity flow-through common shares") that will qualify as "flow-through shares" (within the meaning of subsection 66(15) of the income tax act (canada)) at a price of c$2.29 per charity flow-through common share (the "charity flow-through common share offering price"), and (ii) 4,370,000 common shares (the "common shares") at a price of c$1.63 per common share, for aggregate gross proceeds of c$56,129,100 (the "offering"). 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 c$42,079,950.
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