Apr 20
New Found Gold Announces $205M Finance Package
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➤ New Found Gold Corp. has secured a $205 million finance package, comprising a $100 million bought deal equity financing and a $105 million senior secured credit facility. ➤ The funding, led by EdgePoint Investment Group and cornerstone investor Eric Sprott, is earmarked for the initial capital expenditures required to bring the Queensway Gold Project-Phase I into production. ➤ This financial arrangement is expected to facilitate the company's path to cash flow and development schedule for its flagship gold project.
