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Palisades Goldcorp Ltd. ( (TSE:PALI) ) has provided an update.
Palisades Goldcorp Ltd. has completed a return of capital transaction, distributing shares of New Found Gold Corp. to its shareholders and restructuring its share classes. This move is designed to unlock additional value for shareholders while maintaining their stake in Palisades, allowing the company to continue its growth strategy. The transaction also resulted in a reduction of Palisades’ ownership in New Found Gold, reflecting a strategic shift in its investment portfolio.
More about Palisades Goldcorp Ltd.
Palisades Goldcorp Ltd. is a Canadian resource investment company and merchant bank based in British Columbia. It focuses on junior companies in the resource and mining sector, acquiring equity in pre-IPO and early-stage public resource companies with high-quality projects. The company aims to provide exposure to the junior resource space for retail and institutional investors, focusing on undervalued companies or those in need of financial resources.
Average Trading Volume: 37,363
Technical Sentiment Signal: Buy
Current Market Cap: C$112.8M
See more data about PALI stock on TipRanks’ Stock Analysis page.