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An update from Palisades Goldcorp Ltd. ( (TSE:PALI) ) is now available.
Palisades Goldcorp Ltd. has received final court approval for its plan of arrangement to distribute New Found Gold Corp common shares to its shareholders as part of a return of capital transaction. The distribution, valued at approximately $20 million, is set to occur shortly after September 17, 2025, and reflects Palisades’ strategy to unlock value for its stakeholders by leveraging its investments in junior resource companies.
More about Palisades Goldcorp Ltd.
Palisades Goldcorp Ltd. is a Canadian resource investment company and merchant bank focused on junior companies in the resource and mining sector. It seeks equity participation in pre-IPO and early-stage public resource companies with undeveloped or undervalued projects, aiming to provide exposure in the junior resource space for retail and institutional investors. The company holds a diverse portfolio of investments in over 125 junior resource issuers and owns exploration properties in Nevada and Canada.
Average Trading Volume: 32,776
Technical Sentiment Signal: Buy
Current Market Cap: C$77.83M
See more data about PALI stock on TipRanks’ Stock Analysis page.