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PALISADES ANNOUNCES NEW FOUND CLOSES $56 MILLION BOUGHT DEAL FINANCING
PALISADES ANNOUNCES NEW FOUND CLOSES $56 MILLION BOUGHT DEAL FINANCING Canada NewsWire ...
About this update from Palisades Goldcorp Ltd.
[{"type":"text","content":"\n \n \n \n PALISADES ANNOUNCES NEW FOUND CLOSES $56 MILLION BOUGHT DEAL FINANCING\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 \n Canada NewsWire\n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n Nov. 6, 2023\n \n \n /CNW/ - Palisades Goldcorp Ltd. (TSXV: PALI) (\"\n \n Palisades\n \n \" or the \"\n \n Company\n \n \") is pleased to announce that New Found Gold Corp. (\"\n \n New Found\n \n \"), a significant equity investee of Palisades within the meaning of applicable Canadian securities legislation, has closed its \"bought deal\" public offering of 7,725,000 flow-through common shares of New Found (the \"\n \n New Found\n \n \n Flow-Through Shares\n \n \") at a price of\n \n $7.25\n \n per New Found Flow-Through Share (the \"\n \n Offering Price\n \n \"), thereby raising  aggregate gross proceeds of\n \n $56,006,250\n \n (the \"\n \n Offering\n \n \").\n \n \n \n \n \n \n \n \n \n For further details regarding the Offering and the closing thereof, please see\n \n New Found's news release dated\n \n November 6, 2023\n \n \n , accessible on New Found's website (\n \n www.newfoundgold.ca\n \n ) and under New Found's profile on SEDAR+ at\n \n www.sedarplus.ca\n \n .\n \n \n \n About Palisades Goldcorp Ltd.\n \n \n \n Palisades Goldcorp Ltd. is a resource investment company focused on junior companies in the resource and mining sector. The Company seeks to acquire equity participation in pre-initial public offering and early-stage public resource companies with undeveloped or undervalued high quality projects. The Company focuses on companies that are in need of financial resources to realize their full potential, are undervalued in capital markets, and/or operate in jurisdictions with low to moderate local political risk. The Company expects to continue to make investments, pursuant to its dual investment strategy, to achieve broad sector exposure with upside in the event of appreciation in mineral commodities prices, while also providing the potential to realize appreciation in net asset values as a result of discoveries by issuers in which the Compan...