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PALISADES PROPOSES $20-MILLION RETURN OF CAPITAL TRANSACTION TO UNLOCK SHAREHOLDER VALUE

Newswire.ca - Thu Jul 24, 2025

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VANCOUVER, BC, July 24, 2025 /CNW/ - Palisades Goldcorp Ltd. (TSXV: PALI) ("Palisades" or the "Company") announces it is proposing to carry out a return of capital transaction (the "Transaction"). Pursuant to the Transaction, the Company proposes to distribute a specified number of common shares currently owned by the Company, with a $20-million value, of New Found Gold Corp. (TSXV: NFG) to the shareholders of the Company on a pro-rata basis. The Transaction is intended to maximize value for Palisades' shareholders and allow Palisades to distribute shares to shareholders as a return of capital. The Transaction is also intended to be tax-efficient for Canadian Income Tax purposes.

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