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Palisades Goldcorp Ltd. ( (TSE:PALI) ) has issued an update.
Palisades Goldcorp Ltd. has announced a $2.5 million fully subscribed non-brokered private placement, expected to close on February 21, 2025. This strategic financing will enhance the company’s balance sheet, currently holding over $130 million in cash and marketable securities, and is aimed at leveraging investment opportunities in the junior resource sector. The proceeds will be used for general working capital purposes, and all issued securities will have a four-month hold period as per securities legislation. The placement is contingent upon necessary approvals, including acceptance by the TSX Venture Exchange.
More about Palisades Goldcorp Ltd.
Palisades Goldcorp Ltd. is a resource investment company that focuses on junior companies in the resource and mining sector. It aims to acquire equity in pre-IPO and early-stage public resource companies with high-quality projects, particularly those that are undervalued in capital markets or operate in regions with low to moderate political risk.
YTD Price Performance: 32.47%
Average Trading Volume: 12,240
Technical Sentiment Consensus Rating: Hold
Current Market Cap: C$70.66M
For a thorough assessment of PALI stock, go to TipRanks’ Stock Analysis page.
