New Found Gold Closes Bought Deal Financing Including Full Exercise of Underwriters' Over-Allotment Option for Gross Proceeds of $115M
New Found Gold closed its bought deal financing, issuing 38.87 million shares at $2.96 each for gross proceeds of $115.06 million CAD. The full over-allotment option was exercised by the underwriters, and cornerstone investor Eric Sprott participated to maintain his roughly 19% stake.
Key figures
- Offering Price
- 2.96
- Shares Offered
- 38870000
- Gross proceeds cad
- 115055200
- Underwriter fee cad
- 5160441
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