New Found Gold Corp. (NFGC): announcements explained, share price

Announcements, explained

Each one in plain English, with the numbers worked through for a shareholder.

27 Apr 2026capital raising announcement▲ GoodMajor

Raised C$115.1 million gross, selling 38,870,000 shares at C$2.96 with the over-allotment fully exercised, with EdgePoint and Eric Sprott both taking co-lead orders. That is roughly double the C$63.5 million raised in June 2025 and the largest financing in this record, at a share price about 80% above June 2025's C$1.63 common shares.

What it means for a shareholder

38.9m new shares at C$2.96 to raise about C$115m. That's 10% dilution: every existing holder's slice gets 10% smaller. If you held C$1,000 of shares (338 at the issue price), your slice goes from 0.0000987% to 0.0000886% of the company. To keep it you'd need 38 more shares - about C$112 at the issue price.

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27 Aug 2025capital raising announcement▲ GoodMajor

Eric Sprott put in another C$20 million, buying 12,269,939 shares at about C$1.63 and lifting his stake from 19.0% to 23.1%. He first backed the company before its IPO and bought C$48 million of stock at C$9.60 in 2021; this round was priced at roughly a sixth of that.

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13 June 2025capital raising announcement▲ GoodMajor

Closed the second tranche with the over-allotment taken up in full, lifting the bought deal from C$56 million to C$63.5 million gross. That is bigger than either of the company's two earlier bought deals in this record, C$56.0 million at C$7.25 a share in November 2023 and C$50 million at C$8.00 in December 2022 - but at C$2.29 and C$1.63, on far more shares.

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3 June 2025capital raising announcement▲ GoodMajor

Closed the first tranche of a C$56 million bought deal: 15,265,000 charity flow-through shares at C$2.29 and 4,370,000 common shares at C$1.63, for C$42.1 million. The flow-through premium means most of the money is restricted to Canadian exploration spending.

What it means for a shareholder

4.4m new shares at C$1.63 to raise about C$7.1m. That's 2.1% dilution: every existing holder's slice gets 2.1% smaller. If you held C$1,000 of shares (613 at the issue price), your slice goes from 0.000306% to 0.0003% of the company. To keep it you'd need 13 more shares - about C$21 at the issue price.

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30 Aug 2022capital raising announcement● NeutralMajor

Signed an at-the-market equity distribution agreement with BMO and Paradigm allowing the sale of up to US$100 million of shares into the market over time off a base shelf prospectus. This is issuance capacity, not money raised.

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25 Oct 2021capital raising announcement▲ GoodMajor

Eric Sprott agreed to buy 5 million shares at C$9.60 for C$48 million in a non-brokered private placement, money earmarked for Queensway drilling. The company says this takes working capital to about C$150 million; Sprott had backed it since before the IPO.

What it means for a shareholder

5.0m new shares at C$9.60 to raise about C$48.0m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.

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