3A1

New Found Gold Corp. Announces Acquisition of Securities of Kirkland Lake Discoveries Corp.

Retrieved on: 
Friday, May 26, 2023
Mining, Minerals, Natural Resources, Agreement, Lucky Strike, TSX Venture Exchange, Early warning, Property, Related, 3A1, Suite, Date, National instrument, Gold, SEDAR, News, Security (finance), New Found Glory (album)

In consideration for the Property, Kirkland issued 28,612,500 Kirkland Shares to New Found.

Key Points: 
  • In consideration for the Property, Kirkland issued 28,612,500 Kirkland Shares to New Found.
  • The Kirkland Shares issued to New Found have an aggregate deemed value of C$5,722,500, or C$0.20 per Kirkland Share.
  • Prior to the issuance of the Kirkland Shares, New Found did not own or control any Kirkland Shares.
  • Immediately following the issuance of the Kirkland Shares, New Found, owns and controls a total of 28,612,500 Kirkland Shares, representing approximately 49.0% of the issued and outstanding Kirkland Shares.