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PALISADES GOLDCORP & RADIO FUELS ANNOUNCE CLOSING OF PREVIOUSLY ANNOUNCED ARRANGEMENT
PALISADES GOLDCORP & RADIO FUELS ANNOUNCE CLOSING OF PREVIOUSLY ANNOUNCED ARRANGEMENT ...
About this update from New Found Gold Corp
[{"type":"text","content":"\n\n\n\n PALISADES GOLDCORP & RADIO FUELS ANNOUNCE CLOSING OF PREVIOUSLY ANNOUNCED ARRANGEMENT\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n\n\n\n\n PALISADES GOLDCORP & RADIO FUELS ANNOUNCE CLOSING OF PREVIOUSLY ANNOUNCED ARRANGEMENT\n \n\n Canada NewsWire\n \n\n\n\n\n\n VANCOUVER, BC\n \n\n ,\n \n\n Feb. 6, 2025\n \n\n /CNW/ -\n \n Palisades Goldcorp Ltd.\n \n (TSXV: PALI) (\"\n \n Palisades\n \n \") and\n \n Radio Fuels Energy Corp.\n \n (\"\n \n Radio Fuels\n \n \") (CSE: CAKE) (OTCQB: CKEFF) are pleased to announce that they have closed their previously announced transaction whereby Palisades has acquired all of the issued and outstanding shares of Radio Fuels (the \"\n \n Radio Fuels Shares\n \n \") by way of a plan of arrangement under the\n \n Canada Business Corporations Act\n \n (the \"\n \n Transaction\n \n \").\n \n\n\n\n\n\n\n\n\n\n Collin Kettell\n \n , Founder & CEO of Palisades, stated: \"The closing of this transaction creates a leading Canadian publicly-listed resource investment company that is focused exclusively on junior mining. We believe that the current imbalance between junior resources and the price of gold will resolve itself through much higher equity prices. This represents an opportunity for wealth creation for our shareholders and this combination comes at the right time to take advantage of this opportunity. The Palisades portfolio today consists of over\n \n $130-million\n \n in resource equities, along with additional exposure to gold through its mineral claim package in\n \n Nevada\n \n , and exposure to uranium through its ownership of the Eco Ridge Project. I would like to thank all of our shareholders for their support in this transaction. Our team looks forward to an exciting 2025 and beyond.\"\n \n\n Pursuant to the terms of the arrangement agreement entered into by Palisades and Radio Fuels on\n \n December 9, 2024\n \n , each Radio Fuels Share was exchanged for 0.060538 of a Palisades common share (each a \"\n \n Palisades Share\n \n \"). Immediately upon completion of the Transaction, existing Palisades sharehold...