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Palisades Goldcorp Ltd. ( (TSE:PALI) ) has issued an update.
Palisades Goldcorp Ltd. announced the share distribution ratio for its return of capital transaction, where shareholders will receive 0.1052 common shares of New Found Gold Corp. for each Palisades share. This transaction is part of a broader arrangement that includes reclassifying existing shares and creating new ones, with the new shares continuing to trade under the same symbol but with a new CUSIP number. The arrangement is expected to streamline Palisades’ operations and potentially enhance its market positioning by aligning its capital structure with strategic investment goals.
More about Palisades Goldcorp Ltd.
Palisades Goldcorp Ltd. is a Canadian resource investment company and merchant bank based in British Columbia, focusing on junior companies in the resource and mining sector. It aims to acquire equity in pre-IPO and early-stage public resource companies with high-quality projects, particularly those undervalued in capital markets or operating in low to moderate political risk jurisdictions. Palisades holds a diverse portfolio of equity investments in over 125 junior resource issuers and owns exploration properties in Nevada and Canada.
Average Trading Volume: 33,282
Technical Sentiment Signal: Buy
Current Market Cap: C$80.9M
For detailed information about PALI stock, go to TipRanks’ Stock Analysis page.