Wednesday, October 8, 2025

Latest

Exploits Discovery Sees New Found Gold, Eric Sprott Expand Stake In Company

Exploits Discovery (CSE: NFLD) has seen further validation from major investors. The company this morning announced that it is conducting an $8.0 million non-brokered financing, with the financing being subscribed to exclusively by New Found Gold (TSXV: NFG) and Eric Sprott.

The financing will see each of New Found Gold and Eric Sprott subscribe to $4.0 million of the financing. The financing will see units of the company sold at a price of $0.60 per each, with each unit consisting of one common share and one common share purchase warrant. Each warrant is valid for a period of 24 months following the close of the financing at a price of $0.70 per common share.

Following the closing of the transaction, Eric Sprott will hold a 15.1% stake in the company on a non-diluted basis, and a 26.3% stake on a partially diluted basis, which is a result of him taking an initial 9.8% stake just two weeks ago. New Found Gold meanwhile will hold a 13.6% stake on a non-diluted basis, and 19.2% on a partially diluted basis.

Proceeds from the financing are to be used for exploration purposes, the acquisition of additional properties, as well as marketing and general working capital.

“With Mr. Sprott doubling his investment in Exploits, and New Found Gold expanding on their existing cornerstone position, we are very pleased to have recognition of the exploration potential of our holdings in the Exploits Subzone in Newfoundland from these shareholders, and also their endorsement of the Company and its management team. With 5 drill permits in hand and a drill rig mobilizing shortly, Exploits is positioned for discovery and delivering value to our shareholders.”

Michael Collins, CEO of Exploits Discovery

Exploits Discovery last traded at $0.83 on the CSE.


FULL DISCLOSURE: Exploits Discovery Corp is a client of Canacom Group, the parent company of The Deep Dive. The company has been compensated to cover Exploits Discovery Corp on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.

Video Articles

Fortune Bay: The Potential Billion Dollar Project

Japan Gold Enters New Chapter as Barrick Alliance Concludes – John Proust

Barrick Mining’s “Company Defining [Gold] Discovery”

Recommended

Nord Precious Metals Produces High Grade Silver Concentrate From Tailings

ESGold Secures $9 Million In Non-Dilutive Funding From Ocean Partners

Related News

Freeman Gold Identifies 11 Exploration Targets At Lemhi

Freeman Gold Corp (CSE: FMAN) this morning released the results of its 2020 exploration program...

Thursday, May 6, 2021, 08:11:10 AM

Aurelius Minerals Intersects 149.0 G/T Gold Over 0.7 Metres At Aureus East Project

Aurelius Minerals Inc. (TSXV: AUL) released this morning the drilling results from its recently acquired...

Tuesday, August 10, 2021, 12:25:39 PM

Bitcoin’s Value Relative to Gold And Stocks Has Reached Unprecedented Levels

In light of this week’s IPO of the highly valued cryptocurrency exchange Coinbase, and the...

Thursday, April 15, 2021, 02:48:00 PM

Metalla Royalty Acquires Royalty At IAMGOLD Cote Gold Project

Metalla Royalty & Streaming (TSXV: MTA) this morning announced that it has acquired another net...

Thursday, June 17, 2021, 07:33:39 AM

Argonaut Gold: Analysts Upgrade Price Targets Following Close Of Financing

Some analysts have recently updated their forecasts on Argonaut Gold (TSX: AR) after the closing of...

Friday, February 19, 2021, 11:55:00 AM