Palisades Goldcorp to Acquire Radio Fuels Energy in Strategic Business Combination

Palisades Goldcorp Ltd. ( (TSE:PALI) ) has issued an update.

Palisades Goldcorp Ltd. announced that Radio Fuels Energy Corp. has initiated the process for its shareholders to approve a business combination with Palisades. The arrangement, set to be voted on January 30, 2025, will see Palisades acquire all outstanding shares of Radio Fuels in a share exchange plan, with Palisades and former Radio Fuels shareholders holding 76% and 24% of the shares, respectively. The transaction is contingent on several approvals, including shareholder, TSX Venture Exchange, and court approvals, alongside other conditions.

More about Palisades Goldcorp Ltd.

Palisades Goldcorp Ltd. is a resource investment company specializing in junior companies within the resource and mining sector. They focus on acquiring equity in both pre-IPO and early-stage public resource companies with high-quality, undeveloped or undervalued projects. Palisades targets companies needing financial resources, undervalued in capital markets, or operating in favorable political environments, aiming for broad sector exposure and potential appreciation in mineral commodities prices.

YTD Price Performance: 3.90%

Average Trading Volume: 17,161

Technical Sentiment Consensus Rating: Buy

Current Market Cap: C$54.04M

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