<SEC-DOCUMENT>0001157523-22-001742.txt : 20221214
<SEC-HEADER>0001157523-22-001742.hdr.sgml : 20221214
<ACCEPTANCE-DATETIME>20221214085010
ACCESSION NUMBER:		0001157523-22-001742
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20221214
FILED AS OF DATE:		20221214
DATE AS OF CHANGE:		20221214

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			New Found Gold Corp.
		CENTRAL INDEX KEY:			0001840616
		STANDARD INDUSTRIAL CLASSIFICATION:	GOLD & SILVER ORES [1040]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			A1
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-39966
		FILM NUMBER:		221461212

	BUSINESS ADDRESS:	
		STREET 1:		800 WEST PENDER STREET
		STREET 2:		SUITE 1430
		CITY:			VANCOUVER
		STATE:			A1
		ZIP:			V6C 2V6
		BUSINESS PHONE:		604-562-9664

	MAIL ADDRESS:	
		STREET 1:		800 WEST PENDER STREET
		STREET 2:		SUITE 1430
		CITY:			VANCOUVER
		STATE:			A1
		ZIP:			V6C 2V6
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>a53062757.htm
<DESCRIPTION>NEW FOUND GOLD CORP. 6-K
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    <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 16pt; font-weight: bold;">FORM 6-K</div>
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    <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 16pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
    <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-weight: bold;">Washington, D.C.&#160; 20549</div>
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    <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">Report of Foreign Private Issuer</div>
    <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">Pursuant to Rule 13a-16 or 15d-16</div>
    <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">under the Securities Exchange Act of 1934</div>
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    <div style="font-family: 'Times New Roman',Times,serif;">For the month of <font style="font-weight: bold;">December 2022</font></div>
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    <div style="font-family: 'Times New Roman',Times,serif;">Commission File Number: <font style="font-weight: bold;">001-39966</font></div>
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    <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 16pt; font-weight: bold;">New Found Gold Corp.</div>
    <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-weight: bold;">(Exact name of Registrant as specified in its charter)</div>
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    <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-weight: bold;">N/A</div>
    <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-weight: bold;">(Translation of Registrant&#8217;s name)</div>
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    <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-weight: bold;">1430 - 800 West Pender Street</div>
    <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-weight: bold;">Vancouver, British Columbia</div>
    <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-weight: bold;">Canada V6C 2V6</div>
    <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-weight: bold;">604-562-9664</div>
    <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-weight: bold;">(Address and telephone number of registrant&#8217;s principal executive offices)</div>
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    </div>
    <div style="font-family: 'Times New Roman',Times,serif; text-indent: 45pt;">Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or 40-F:</div>
    <div style="font-family: 'Times New Roman',Times,serif; text-indent: 45pt;"> <br>
    </div>
    <div style="text-align: center;"><font style="font-family: 'Times New Roman',Times,serif;">Form 20-F ________&#160;&#160;&#160;&#160;&#160;&#160;&#160; Form 40-F <u>&#160; &#160; &#160; X&#160;&#160;&#160;&#160;&#160;&#160; <br>
        </u></font></div>
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    </div>
    <div style="font-family: 'Times New Roman',Times,serif; text-indent: 45pt;">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ________</div>
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    </div>
    <div style="font-family: 'Times New Roman',Times,serif; text-indent: 45pt;">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ________<font style="display: inline-block; width: 12pt;" id="TRGRRTFtoHTMLTab"> </font></div>
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          <h1 style="text-align: center; list-style-position: inside;FONT-SIZE: 14pt;"> &#160;<b>New Found Closes $50 Million Bought Deal Financing, </b><b>Led by Eric Sprott</b> </h1>
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              <p>VANCOUVER, British Columbia--(BUSINESS WIRE)--December 14, 2022--<b>New Found Gold Corp.</b> (&#8220;<b>New Found</b>&#8221; or the &#8220;<b>Company</b>&#8221;) (TSXV: NFG, NYSE-A: NFGC) is pleased to announce that it has closed its previously-announced &#8220;bought
                deal&#8221; public offering of 6,250,000 flow-through common shares of the Company (the &#8220;<b>Flow-Through Shares</b>&#8221;) that will qualify as &#8220;flow-through shares&#8221; (within the meaning of subsection 66(15) of the Income Tax Act (Canada)) at a price
                of $8.00 per Flow-Through Share (the &#8220;<b>Offering Price</b>&#8221;) for aggregate gross proceeds of $50,000,000 (the &#8220;<b>Offering</b>&#8221;). </p>
              <p> The Offering was completed pursuant to an underwriting agreement dated December 9, 2022, entered into among the Company and a syndicate of underwriters led by BMO Capital Markets and including Paradigm Capital Inc., Canaccord Genuity
                Corp., Laurentian Bank Securities Inc., National Bank Financial Inc. and Roth Canada, Inc. (collectively, the &#8220;<b>Underwriters</b>&#8221;). Mr. Eric Sprott participated in the Offering to maintain his 19.9% interest in the Company. </p>
              <p> The gross proceeds of the Offering will be used by the Company to incur eligible &#8220;Canadian exploration expenses&#8221; that will qualify as &#8220;flow-through mining expenditures&#8221; (as such terms are defined in the <i>Income Tax Act</i> (Canada))
                (the &#8220;<b>Qualifying Expenditures</b>&#8221;) related to the Company&#8217;s Queensway Project located in Newfoundland, Canada on or before December 31, 2023. All Qualifying Expenditures will be renounced in favour of the subscribers effective December
                31, 2022. </p>
              <p> Following completion of the Offering, the Company will have approximately $93.5M in cash and marketable securities. </p>
              <p> The Flow-Through Shares were offered by way of a prospectus supplement in each of the Provinces and Territories of Canada, (other than the Province of Quebec), and were also offered by way of a U.S. prospectus supplement forming part of
                the Company's registration statement on Form F-10 in the United States. Copies of the prospectus supplement and documents incorporated by reference therein are available electronically on SEDAR (www.sedar.com) and EDGAR (www.sec.gov) under
                New Found&#8217;s issuer profile. </p>
              <p> This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. </p>
              <p> <b>About New Found Gold Corp.</b> </p>
              <p> New Found holds a 100% interest in the Queensway Project, located 15km west of Gander, Newfoundland and Labrador, and just 18km from Gander International Airport. The project is intersected by the Trans-Canada Highway and has logging
                roads crosscutting the project, high voltage electric power lines running through the project area, and easy access to a highly skilled workforce. The Company is currently undertaking a 400,000m drill program at Queensway, now approximately
                79% complete. </p>
              <p> Please see the Company&#8217;s website at www.newfoundgold.ca and the Company&#8217;s SEDAR profile at www.sedar.com. </p>
              <p> <b>Contact</b> </p>
              <p> To contact the Company, please visit the Company&#8217;s website, www.newfoundgold.ca and make your request through our investor inquiry form. Our management has a pledge to be in touch with any investor inquiries within 24 hours. Information
                on the Company&#8217;s website does not form a part of this press release. </p>
              <p> <b><i>Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.</i></b> </p>
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              <p> <b>Forward Looking Information</b> </p>
              <p> This press release contains certain "forward-looking statements" within the meaning of Canadian and U.S. securities legislation (including the Private Securities Litigation Reform Act of 1995), including statements relating to the use of
                proceeds of the Offering, the final acceptance of the Offering by the TSX Venture Exchange and NYSE American, the tax treatment of the Charity Flow-Through Common Shares. Although the Company believes that such statements are reasonable, it
                can give no assurance that such expectations will prove to be correct. Forward-looking statements are statements that are not historical facts; they are generally, but not always, identified by the words "expects," "plans," "anticipates,"
                "believes," "intends," "estimates," "projects," "aims," "suggests," "potential," "goal," "objective," "prospective," "possibly," and similar expressions, or that events or conditions "will," "would," "may," "can," "could" or "should" occur,
                or are those statements, which, by their nature, refer to future events. The Company cautions that forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made,
                and they involve a number of risks and uncertainties. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such
                statements. Except to the extent required by applicable securities laws and the policies of the TSXV or the NYSE American, the Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or
                opinions, or other factors, should change. Factors that could cause future results to differ materially from those anticipated in these forward-looking statements include risks related to: the tax treatment of the Charity Flow-Through
                Common Shares, the possibility that the Company may not be able to secure permitting and other governmental clearances necessary to carry out the Company's exploration plans, the risk that the Company will not be able to raise sufficient
                funds to carry out its business plans, and the risk of political uncertainties and regulatory or legal changes that might interfere with the Company's business and prospects. The reader is urged to refer to the Company's Annual Information
                Form and Management's Discussion and Analysis, publicly available through the Canadian Securities Administrators' System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com or through the SEC's Electronic Data Gathering
                and Retrieval System (EDGAR) at www.sec.gov for a more complete discussion of such risk factors and their potential effects. </p>
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              <h2 style="FONT-SIZE: 14pt;">Contacts</h2>
              <p> <b>New Found Gold Corp. </b><br>
                Per: "<i>Collin Kettell</i>" <br>
                Collin Kettell, Chief Executive Officer <br>
                Email: ckettell@newfoundgold.ca<br>
                Phone: +1 (845) 535-1486 </p>
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    <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-weight: bold;">SIGNATURES</div>
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    <div style="font-family: 'Times New Roman',Times,serif; text-indent: 45pt;">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on behalf by the undersigned, thereunto duly
      authorized.</div>
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            <td rowspan="1" style="width: 50%; text-indent: 36pt;"><font style="font-family: 'Times New Roman',Times,serif;">Date: December 14, 2022</font> <br>
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            <td rowspan="1" style="width: 8%;">&#160;</td>
            <td rowspan="1" style="width: 5%;">By: <br>
            </td>
            <td rowspan="1" style="width: 37%;"><font style="font-family: 'Times New Roman',Times,serif; font-weight: normal;"><font style="font-style: italic;"><u>/s/ Collin Kettell</u></font></font></td>
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            <td rowspan="1" style="width: 37%;"><font style="font-weight: normal;">Chief Executive Officer</font> <br>
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