New found gold closes second tranche of c$63 million bought deal financing including full exercise of underwriters' over-allotment option

Vancouver, bc , june 12, 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 second and final tranche of its previously announced "bought deal" public offering of (i) 24,610,000 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"), including the exercise, in full, of the underwriters' (as defined below) over-allotment option (the "over-allotment option") of 3,210,000 charity flow-through common shares, 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$63,480,000 (the "offering"). the second tranche of the offering consists of 9,345,000 charity flow-through common shares, including the exercise in full of the over-allotment option, for gross proceeds of c$21,400,050.
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