In a world filled with no-commission brokerage firms such as Robinhood, it appears everyone wants to be listed on the US big boards. New Found Gold (TSXV: NFG) is no exception, with the company this morning announcing that it has formally filed a Form 20-F registration statement with the US Securities and Exchange Commission.
The filing of the registration statement is the first step in looking to list on a US big board exchange, with the company this morning it intends to list on the NYSE American stock exchange. The listing is subject to the approval of the SEC and the satisfaction of listing and regulatory requirements.
The company is currently targeting the first half of 2021 for the firm to be listed on the exchange.
The cross-listing is reportedly a result of “significant demand from US investors seeking to participate in the New Found story.”
New Found Gold last traded at $3.49 on the TSX Venture.
Information for this briefing was found via Sedar and New Found Gold. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
