New Found Gold Corp. Announces Acquisition of Securities of Kirkland Lake Discoveries Corp.
New Found Gold Corp. (' New Found ') reports that on May 25, 2023 (the ' Closing Date '), it acquired control of 28,612,500 common shares (each, a ...
New Found Gold Corp. (' New Found ') reports that on May 25, 2023 (the ' Closing Date '), it acquired control of 28,612,500 common shares (each, a ' Kirkland Share ') in the capital of Kirkland Lake Discoveries Corp. (' Kirkland ') as consideration pursuant to a property purchase agreement dated February 16, 2023, as amended May 8, 2023, between New Found and Kirkland. (the ' Agreement ') New Found entered into the Agreement with Kirkland on February 16, 2023, as amended on May 8, 2023, pursuant to which New Found has transferred to Kirkland 100% of its interests in the Lucky Strike property (the ' Property '), excluding a 1% net smelter royalty on the production from the Property granted by Kirkland to New Found.