Palisades Goldcorp Ltd. Closes $2.5 Million Private Placement

Palisades Goldcorp Ltd. ( (TSE:PALI) ) has provided an announcement.

Palisades Goldcorp Ltd. has successfully closed a $2.5 million non-brokered private placement, issuing over 1.4 million common shares at $1.74 each. The proceeds will be used for general working capital, with shares subject to a statutory hold period until July 5, 2025. The transaction involved a significant shareholder and insider, constituting a related party transaction under MI 61-101, but exemptions were applied, and the placement awaits final TSX Venture Exchange acceptance.

More about Palisades Goldcorp Ltd.

Palisades Goldcorp Ltd. is a resource investment company that focuses on junior companies in the resource and mining sector. It aims to acquire equity in pre-IPO and early-stage public resource companies with undeveloped or undervalued high-quality projects, particularly those needing financial resources to reach their potential and are undervalued in capital markets.

YTD Price Performance: 1.30%

Average Trading Volume: 14,983

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: C$77.64M

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