Palisades Goldcorp Ltd. ( (TSE:PALI) ) has issued an announcement.
Palisades Goldcorp Ltd. announced that Radio Fuels Energy Corp.’s shareholders have approved a plan whereby Palisades will acquire all outstanding common shares of Radio Fuels. This acquisition, subject to final regulatory approvals, will result in current Palisades shareholders owning 76% and former Radio Fuels shareholders owning 24% of Palisades. The move is part of Palisades’ strategy to enhance its exposure in the resource sector and capitalize on undervalued assets, potentially boosting its market position and benefiting stakeholders.
More about Palisades Goldcorp Ltd.
Palisades Goldcorp Ltd. is a resource investment company that specializes in acquiring equity in junior resource and mining companies. It focuses on pre-IPO and early-stage public resource firms with undeveloped or undervalued projects. The company aims to invest in entities that require financial support, are undervalued in capital markets, or operate in low to moderate political risk areas.
YTD Price Performance: 29.87%
Average Trading Volume: 12,031
Technical Sentiment Consensus Rating: Hold
Current Market Cap: C$68.93M
For detailed information about PALI stock, go to TipRanks’ Stock Analysis page.