New Found Gold announces $205M finance package
Counsel to EdgePoint Investment Group Inc. with respect to its $100M bought deal equity financing and $105M senior secured credit facility for New Found Gold Corp.
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On April 20, 2026, New Found Gold Corp. (“New Found Gold”), announced a finance package consisting of (i) a $100M bought deal equity financing (the “Offering”) with lead orders from EdgePoint Investment Group Inc. (“EdgePoint”) and cornerstone investor Eric Sprott and (ii) a $105M senior secured credit facility (the “Credit Facility”) with EdgePoint, for total gross proceeds of $205M. The net proceeds from the Offering will be used by New Found Gold to advance its 100% owned Queensway Gold Project and for general corporate and working capital purposes. The proceeds of the Credit Facility will be used for general corporate and working capital purposes of the Company and its subsidiaries, including financing for the development of the Queensway Gold Project and the ramp up of the Hammerdown Gold Project.
EdgePoint is an employee owned and investment led Canadian wealth management company, based in Toronto, Ontario.
New Found Gold is an emerging Canadian gold producer with assets in Newfoundland and Labrador, Canada.
Miller Thomson LLP advised EdgePoint with a team led by Florind Polo (Corporate, M&A and Securities) and Zachary Masoud (Financial Services), and comprised of Sam Kelley, Connor Broude and Calvin Wang (Corporate, M&A and Securities), Vittoria Blanco (Financial Services) and Kathryn Walker (Tax).