New Found Announces Closing of Acquisition of Royalty Interests

VANCOUVER, British Columbia — New Found Gold Corp. (“New Found” or the “Company”) (TSXV: NFG, NYSE American: NFGC) is pleased to announce that it has closed its previously-announced acquisition of three royalty interests (the “Acquisition”) with arm’s length royalty holders (together, the “Vendors” and each, a “Vendor”), whereby New Found purchased 100% of each Vendor’s royalty interests, each equal to 0.2% of net returns for an aggregate of 0.6% of net returns from the Company’s Linear and JBP Linear properties (the “Royalty Interests”). These properties cover key target areas on the Company’s Queensway Project and include the Company’s Keats, Golden Joint, and Lotto discoveries. Read More