New Found Gold (TSE:NFG) has released an update.
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New Found Gold Corp. has reached a settlement in its litigation with ThreeD Capital, concluding the lawsuit and allowing the company to concentrate on its Queensway project without legal distractions. As part of the agreement, ThreeD and its affiliate will receive a total of 3.75 million shares from New Found and Palisades Goldcorp, with the transfer subject to regulatory approval and a four-month hold period. This settlement comes with no admission of liability from New Found Gold Corp.
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