New Found Gold Announces Results of 2026 Annual General Meeting
New Found Gold Corp. (NFG) reported the results of its 2026 Annual General Meeting, confirming that all shareholder proposals were successfully passed. The meeting also marked a restructuring of the Board of Directors, with Paul Andre Huet appointed as Chair and Tamara Brown named Lead Director. William Hayden, who had served as a Director since 2024, did not stand for re-election.
The Board’s composition is now fixed at six directors, including Huet, Keith Boyle, Tamara Brown, Chad Williams, Allen Palmiere, and Andrew Furey. During the meeting, the Company approved new equity incentive plans, specifically a "10% rolling" stock option plan and a "5% rolling" share unit plan. Additionally, KPMG LLP was appointed as the Company’s auditor, with remuneration to be determined by the Board.
New Found Gold also engaged ICP Securities Inc. to provide automated market-making services for its shares on the TSXV. The engagement utilizes ICP’s proprietary algorithm, known as ICP Premium®, to provide liquidity and stability. The contract carries an initial term of four months commencing June 25, 2026, with automatic monthly renewals unless terminated. Either party may terminate the agreement with at least 30 days' written notice prior to the end of the Initial or Additional Term.
The Company will pay ICP Securities Inc. a fixed monthly fee of C$7,500 plus applicable taxes, payable on the first business day of each month. The compensation structure contains no performance factors, and ICP will not receive shares, stock options, or other equity compensation. ICP and the Company are unrelated and unaffiliated, with neither holding any direct or indirect interest in the Company's securities at the time of the agreement. ICP bears its own trading costs, and no third-party funds or securities are used for market-making activities.
Paul Andre Huet, Chair of New Found Gold, commented on the leadership transition: "On behalf of the Board of Directors, I would like to extend our sincere appreciation to Mr. Hayden for his dedicated service and valuable contributions during his tenure as Director of the Board. Mr. Hayden's leadership, industry expertise, and commitment to strong governance and technical oversight have played an important role in advancing the Company's growth over the past year, and we wish him all the best in his future endeavours."