Novo to offload stake in New Found Gold to Eric Sprott for 100m
Novo has agreed to divest a 9% stake in New Found Gold (NFG) to a corporation controlled by Canadian investor Eric Sprott.
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Novo has agreed to divest a 9% stake in New Found Gold (NFG) to a corporation controlled by Canadian investor Eric Sprott.
12.04.2022 - KEY POINTS Novo has agreed to sell its stake of 15 million shares in New Found Gold Corp. (TSXV: NFG) (“New Found”) to a corporation controlled by Eric Sprott for gross proceeds of C$125.9 million pursuant to arm’s length negotiations (the ... Seite 1
Western Australia-focused gold producer Novo Resources (TSX: NVO; OTC: NSRPF) has agreed to sell its entire stake in New Found Gold, consisting […]
NFG's flagship asset is the 100%-owned Queensway project in Newfoundland.
With gold prices approaching $2,000 per oz., gold exploration and mine development remain important drivers for many mining companies.