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New Found Gold to acquire Maritime Resources shares

PUBLIC · NFGCOct 08, 2025

Acquiring Company

New Found Gold Corp

Acquired Company

Maritime Resources

VancouverVancouverOtherMiningPrecious MetalsMineral

Description

New Found Gold Corp. will acquire all outstanding shares of Maritime Resources Corp. not already owned. Shareholders will receive 0.75 of a New Found Gold common share for each Maritime share held. The acquisition requires shareholder approval at the upcoming meeting on November 5, 2025.

Quick answer

New Found Gold Corp is acquiring Maritime Resources, announced October 7, 2025. New Found Gold Corp is based in Vancouver, Washington, United States.

How much did New Found Gold Corp pay for Maritime Resources?
The deal value was not disclosed.
What does New Found Gold Corp do?
New Found holds a 100% interest in the Queensway Project, located 15km west of Gander, Newfoundland and Labrador, and just 18km from Gander International Airport.
Where are New Found Gold Corp and Maritime Resources based?
New Found Gold Corp is based in Vancouver, Washington, United States. Maritime Resources is based in Vancouver, British Columbia, Canada.
Who are the decision-makers at New Found Gold Corp?
Fundz holds 3 contacts at New Found Gold Corp. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

New Found Gold Corp

Location

Vancouver, Washington, United States

About

New Found holds a 100% interest in the Queensway Project, located 15km west of Gander, Newfoundland and Labrador, and just 18km from Gander International Airport. The project is intersected by the Trans-Canada Highway and has logging roads crosscutting the project, high voltage electric power lines running through the project area, and easy access to a highly skilled workforce. The Company is currently undertaking a 500,000m drill program at Queensway and is well funded for this program with cash and marketable securities of approximately $29.5 million as of October 2023.

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Frequently asked

Who acquired Maritime Resources?

Maritime Resources was acquired by New Found Gold Corp, based in Vancouver. The deal was reported on October 8, 2025. New Found holds a 100% interest in the Queensway Project, located 15km west of Gander, Newfoundland and Labrador, and just 18km from Gander International Airport. New Found Gold Corp is publicly traded (NFGC).

When did New Found Gold Corp acquire Maritime Resources?

New Found Gold Corp's acquisition of Maritime Resources was reported on October 8, 2025. New Found Gold Corp. will acquire all outstanding shares of Maritime Resources Corp. not already owned. Shareholders will receive 0.75 of a New Found Gold common share for each Maritime share held. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Maritime Resources do?

Maritime Resources Corp. is a resource exploration company focused on gold mining. The company operates in Canadian jurisdictions with promising mineral potential. It works to develop its projects and contribute to local economies through responsible mining. It is privately held, operating in Other, and is based in Vancouver.

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