Dundee Corporation Closes Sale of New Found Gold Corp. Units for C$97,920,000
Counsel to the Dealers with respect to Dundee Corporation’s C$97,920,000 sale of New Found Gold Corp. units
Led by
Team Members
On December 16, 2025, Dundee Corporation (TSX: DC.A) (“Dundee”) completed its previously announced sale of 24,480,000 units of New Found Gold Corp. (“NFG”) to qualified purchasers for gross proceeds to Dundee of C$97,920,000. The units, which were comprised of unit shares and warrants, were sold through BMO Nesbitt Burns and SCP Resource Finance LP (the “Dealers”). In Canada, the unit shares were sold by block trade and the warrants by private placement, while in the U.S. and certain offshore jurisdictions, the unit shares and warrants were both sold on a private placement basis under applicable securities laws.
Dundee is a public Canadian independent mining-focused holding company primarily engaged in acquiring mineral resource assets. NFG is an emerging Canadian gold producer with assets in Newfoundland and Labrador, including a 100% interest in the Queensway Gold Project.
Miller Thomson advised the Dealers with a team comprised of Andrew Powers, Jeffrey Gebert and Wendy Wang (Capital Markets/Securities).