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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (88002)	6/27/2020 11:05:47 AM
From: Goose94	Read Replies (1) \| Respond to of 202704

New Found Gold URL newfoundgold.ca In November 2019, New Found made a major discovery with its very first drill hole – 92.9 g/t Au over 19.0 meters in hole NFGC-01 at its 100% owned Queensway Project. This is the best drill intercept ever recorded in the Province's history! New Found's go-public transaction is being co-managed by Canaccord and Bank of Montreal, as part of a larger syndicate that includes Desjardins Securities. The targeted raise is for between $15-25M. Upon completion of the offering, New Found should be launching with $55-70M in cash and cash equivalents. The Company plans to conduct 100,000 meters of drilling at the Queensway Project within 18 months of going public. New Found is expected to begin trading in early August. Palisades currently owns 44% of New Found; other major shareholders include Novo Resources (NVO-V), Eric Sprott, and Rob McEwen. New Found Gold is the single largest position held in Palisades Goldcorp's portfolio. palisades.ca