New Found Gold Grants Stock Options and Restricted Share Units

Core Points - New Found Gold Corp. has granted incentive stock options to acquire 809,167 common shares at an exercise price of $2.97, with a 5-year term expiring on September 25, 2030 [1] - The company also granted 2,053,000 restricted share units (RSUs) to directors and officers, with a vesting schedule of 1/3 per year over three years [2] - New Found Gold holds a 100% interest in the Queensway project in Newfoundland and Labrador, which has shown promising exploration results and a district-scale potential [4] - Recent agreements include acquiring shares from Maritime Resources Corp. and mineral claims from Exploits Discover Corp., potentially increasing the project size by up to 33% to a total of 234,050 hectares [4] - The company has a new management team and a solid shareholder base, including a 23.1% holding by Eric Sprott, focusing on growth and value creation [4]