VANCOUVER, BC, March 15,
2023 /CNW/ - Palisades Goldcorp Ltd. (TSXV: PALI)
("Palisades" or the "Company") today announced that
New Found Gold Corp. ("New Found"), a significant equity
investee of Palisades within the meaning of applicable Canadian
securities legislation, has provided an update on New Found's
weighting in the VanEck Junior Gold Miners ETF ("GDXJ").
As announced by New Found, the index weighting of New Found
in the GDXJ is anticipated to increase from 0.32% to 0.42%
following a rebalancing on March 17,
2023.
For further details regarding the index weighting of New Found
in the GDXJ, please see New Found's news release dated March 15, 2023, accessible on New Found's website
at https://newfoundgold.ca/news/ and under New Found's profile on
SEDAR at www.sedar.com.
About Palisades Goldcorp
Ltd.
Palisades Goldcorp Ltd. is a resource investment company focused
on junior companies in the resource and mining sector. The Company
seeks to acquire equity participation in pre-initial public
offering and early stage public resource companies with undeveloped
or undervalued high quality projects. The Company focuses on
companies that are in need of financial resources to realize their
full potential, are undervalued in capital markets and/or operate
in jurisdictions with low to moderate local political risk. The
Company expects to continue to make investments, pursuant to its
dual investment strategy, to achieve broad sector exposure with
upside in the event of appreciation in mineral commodities prices,
while also providing the potential to realize appreciation in net
asset values as a result of discoveries by issuers in which the
Company holds larger positions. The Company is listed on the TSX
Venture Exchange under the stock symbol "PALI". Palisades holds a
diverse portfolio of securities and derivatives, among which it
holds a 26.67% interest in New Found Gold Corp. (TSX-V: NFG).
On behalf of the Board of Directors
"Collin Kettell"
Collin Kettell
Chief
Executive Officer and Director
Phone: +1 (845) 535-1486
Email: collin@palisades.ca
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) has reviewed or accepts responsibility for the
adequacy or accuracy of this release.
SOURCE Palisades Goldcorp Ltd.