Mr. Jeremy Prinsen reports
NEWFOUNDLAND DISCOVERY ANNOUNCES PRIVATE PLACEMENT
Newfoundland Discovery Corp. has arranged a non-brokered private placement financing of up to six million units in the capital of the company at a price of 12 cents per unit, for gross proceeds of up to $720,000.
Each unit purchased will include one common share and one transferable common share purchase warrant. Each warrant will entitle the holder to purchase one additional common share for a period of one year at a price of 16 cents per common share.
All securities issued in connection with the offering will be subject to applicable statutory hold periods in accordance with Canadian securities laws. The offering is subject to receipt of all necessary regulatory approvals, including approval of the Canadian Securities Exchange.
About Newfoundland Discovery Corp.
Newfoundland Discovery is a Canadian-listed exploration company focused on the identification, evaluation and development of high-potential mineral assets. The company actively reviews opportunities across multiple jurisdictions with a focus on precious metals and critical minerals.
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