New Found Gold Names Paul Andre Huet Chair, Approves 10% Option Plan and Hires Market Maker
NFGC•New Found Gold elected six directors and named Paul Andre Huet as Board Chair, approved a 10% stock option plan and a 5% share unit plan at the June 25 AGM. The Company engaged ICP for TSXV market making at C$7,500 per month over four months.
1. Annual General Meeting Results
At the June 25 AGM, New Found Gold’s shareholders fixed the board at six directors, reappointed KPMG LLP as auditor, and approved a 10% rolling stock option plan along with a 5% rolling share unit plan. A subsequent board vote named Paul Andre Huet as Chair and Tamara Brown as independent Lead Director, while long-time director William Hayden did not stand for re-election.
2. Market Maker Engagement
Effective June 25, the Company engaged ICP Securities Inc. to provide two-sided TSXV market-making using its proprietary ICP Premium® algorithm at a fee of C$7,500 plus taxes per month. The engagement runs for an initial four-month term with automatic one-month renewals unless either party gives 30 days’ notice.
