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PALISADES GOLDCORP LTD. REPORTS FEBRUARY 28, 2023 UNAUDITED NET ASSET VALUE
PALISADES GOLDCORP LTD. REPORTS FEBRUARY 28, 2023 UNAUDITED NET ASSET VALUE Canada News...
About this update from Palisades Goldcorp Ltd.
[{"type":"text","content":"\n \n \n \n PALISADES GOLDCORP LTD. REPORTS FEBRUARY 28, 2023 UNAUDITED NET ASSET VALUE\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 March 1, 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 report\n \n February 28, 2023\n \n unaudited net asset value per share[1] (\"\n \n NAV\n \n \") of\n \n $4.77\n \n and after-tax unaudited NAV of\n \n $3.67\n \n .\n \n \n \n \n \n \n \n \n \n Unaudited NAV is calculated by taking the fair market value of the shares and the in the money value of warrants held by the Company, divided by the number of shares issued and outstanding on\n \n February 28, 2023\n \n . The after-tax unaudited NAV is calculated by subtracting the cost of the shares and warrants held from their fair market value and applying the Company's tax rate of 27% then dividing the result by the number of shares issued and outstanding on\n \n February 28, 2023\n \n .\n \n \n \n Use of Non-GAAP Financial Measures\n \n \n \n This press release contains references to NAV or \"net asset value per share\" which is a non-GAAP financial measure. NAV is calculated as the fair value of total assets less the fair value of total liabilities divided by the total number of common shares outstanding as at a specific date. The term NAV does not have any standardized meaning according to GAAP and therefore may not be comparable to similar measures presented by other companies. The Company believes that the measure provides information useful to its shareholders in understanding the Company's performance and may assist in the evaluation of the Company's business relative to that of its peers. This data is furnished to provide additional information and does not have any standardized meaning prescribed by GAAP. Accordingly, it should not be considered in isolation or as a substitute for measures of performance prepared in accordance with GAAP, is not necessarily indicative of other metrics presented in accordance with GAAP an...