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Gold 3,881.90 −0.1% Silver 49.13 −1.9% Copper 6.10 −1.5% Oil 88.78 +0.1% Palladium 1,007.50 +1.6% CLV 0.120 + VUL 0.360 −5.3% LUNR 15.35 −5.1% XTG 2.00 +0.0% RUA 1.12 +1.8% TUF 0.610 −1.6% NEXG 1.12 −1.3% ELEF 0.285 +1.8% LVG 0.330 −2.9% BBB 0.510 +2.0% NGC 0.055 −8.3% ABRA 10.51 −2.5% OBUL 0.340 −1.4% MKO 10.68 −1.3% SGML 7.38 +4.2% CERT 2.25 +5.9% Gold 3,881.90 −0.1% Silver 49.13 −1.9% Copper 6.10 −1.5% Oil 88.78 +0.1% Palladium 1,007.50 +1.6% CLV 0.120 + VUL 0.360 −5.3% LUNR 15.35 −5.1% XTG 2.00 +0.0% RUA 1.12 +1.8% TUF 0.610 −1.6% NEXG 1.12 −1.3% ELEF 0.285 +1.8% LVG 0.330 −2.9% BBB 0.510 +2.0% NGC 0.055 −8.3% ABRA 10.51 −2.5% OBUL 0.340 −1.4% MKO 10.68 −1.3% SGML 7.38 +4.2% CERT 2.25 +5.9%
Financings

Dundee closes sale of 24.48M New Found Gold units

By The Northwire Desk — AI Analysis Dec 16, 2025 · 19:42 DC · 3.76 Dundee Corp
DC · Price

Executive Summary

  • Dundee Corp. has closed the previously announced sale of 24.48 million units of New Found Gold Corp. to qualified purchasers.
  • The transaction generated gross proceeds of $97.92 million for Dundee, with the potential for additional proceeds if all associated warrants are exercised.
  • The units were sold via block trades in Canada and private placements in the US and offshore jurisdictions, with specific warrant terms and hold periods defined.

Key Details

  • Transaction Volume: Sale of 24.48 million units of New Found Gold Corp.
  • Gross Proceeds: $97.92 million received by Dundee Corp.
  • Potential Additional Proceeds: If all warrants are exercised, total gross proceeds to Dundee would reach $159.12 million.
  • Unit Composition: Each unit consists of one common share of New Found Gold Corp. and one-half of a common share purchase warrant.
  • Warrant Terms:
    • Exercise Price: $5.00 per share.
    • Entitlement: Each warrant allows the holder to acquire one additional common share of New Found Gold Corp.
    • Term: 12 months.
  • Distribution Channels:
    • Canada: Block trades executed on Dec. 8, 2025.
    • United States and Offshore: Private placement basis.
  • Regulatory/Hold Periods:
    • Warrants subject to statutory hold period expiring on April 17, 2026 (under applicable securities laws).
    • Warrant shares are not subject to a hold period under Canadian securities laws.
  • Advisors: BMO Capital Markets Inc. and SCP Resource Finance LP.
  • Regulatory Reference: Disclosure required under National Instrument 62-103 (Early Warning System) referenced in the Dec. 8, 2025 press release.
Read the original news release →

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