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This document outlines the public offering of 7,725,000 flow-through shares by New Found Gold Corp under the terms of the Prospectus dated July 22, 2022, detailing important financial and regulatory information.
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A prospectus supplement is a document that provides additional information to that found in a base prospectus regarding a specific offering of securities. It includes details such as terms of the offering, risks, and how proceeds will be used.
Companies that are offering securities and wish to provide up-to-date information about the offering are required to file a prospectus supplement, typically issuers of publicly traded securities.
To fill out a prospectus supplement, companies must include specific details about the securities being offered, including pricing, underwriting, and risk factors, and ensure compliance with SEC regulations.
The purpose of a prospectus supplement is to provide potential investors with essential information that supplements the information in the main prospectus, particularly for specific offerings or changes.
Information required in a prospectus supplement includes the terms of the offering, risks associated with the investment, use of proceeds, and updated financial information pertaining to the issuing company.
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