New Found Gold Announces Maritime Securityholder Approval of Arrangement; Strengthens Management Team
Newsfile·2025-11-05 22:00

Core Points - New Found Gold Corp. has received overwhelming approval from Maritime Resources Corp. shareholders for the arrangement to combine the two companies, with 99.68% of Maritime Shareholders and 99.69% of Maritime Securityholders voting in favor [2][3] - The final order for the arrangement will be sought from the Supreme Court of British Columbia on November 7, 2025, with the closing expected around November 13, 2025, pending customary closing conditions [3] - New Found Gold has appointed Jelena Novikov Fried as General Counsel and Corporate Secretary, bringing over 20 years of legal experience in corporate and securities compliance [4][5] Company Overview - New Found Gold is an advanced-stage exploration company with a 100% interest in the Queensway Gold Project located in Newfoundland and Labrador, recognized for its excellent infrastructure and skilled workforce [6] - The company has completed a Preliminary Economic Assessment (PEA) at the Queensway project and continues to discover new gold zones, indicating significant district-scale potential [6][7] - New Found Gold has a solid management team and board, with a notable shareholder base that includes approximately 23.1% ownership by Eric Sprott [8]