{"id":49246,"date":"2026-04-20T13:50:26","date_gmt":"2026-04-20T17:50:26","guid":{"rendered":"https:\/\/www.millerthomson.com\/?post_type=deals-cases&#038;p=49246"},"modified":"2026-04-21T12:43:26","modified_gmt":"2026-04-21T16:43:26","slug":"new-found-gold-announces-205m-finance-package","status":"publish","type":"deals-cases","link":"https:\/\/www.millerthomson.com\/en\/deals-cases\/new-found-gold-announces-205m-finance-package\/","title":{"rendered":"New Found Gold announces $205M finance package"},"content":{"rendered":"\n<p>On April 20, 2026, New Found Gold Corp. (\u201cNew Found Gold\u201d), announced a\u00a0finance package consisting of\u00a0(i) a $100M bought deal equity financing (the \u201cOffering\u201d) with lead orders from EdgePoint Investment Group Inc. (\u201cEdgePoint\u201d) and cornerstone investor Eric Sprott and (ii) a $105M senior secured credit facility (the \u201cCredit Facility\u201d) 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.<\/p>\n\n\n\n<p>EdgePoint is an employee owned and investment led Canadian wealth management company, based in Toronto, Ontario.<\/p>\n\n\n\n<p>New Found Gold is an emerging Canadian gold producer with assets in Newfoundland and Labrador, Canada.<\/p>\n\n\n\n<p>Miller Thomson LLP advised EdgePoint with a team led by Florind Polo (Corporate, M&amp;A and Securities) and Zachary Masoud (Financial Services), and comprised of Sam Kelley, Connor Broude and Calvin Wang (Corporate, M&amp;A and Securities), Vittoria Blanco (Financial Services) and Kathryn Walker (Tax).<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n","protected":false},"author":92,"template":"","class_list":["post-49246","deals-cases","type-deals-cases","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>New Found Gold announces $205M finance package | Miller Thomson<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.millerthomson.com\/en\/deals-cases\/new-found-gold-announces-205m-finance-package\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New Found Gold announces $205M finance package | Miller Thomson\" \/>\n<meta property=\"og:description\" content=\"On April 20, 2026, New Found Gold Corp. 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