07:09 AM EDT, 09/09/2025 (MT Newswires) -- Palisades Goldcorp ( PLGDF ) , which rose near 4% yesterday, overnight Monday said it has obtained the final court order to distribute New Found Gold ( NFGC ) shares to its shareholders.

The distribution, valued at about $20 million, is set to become effective on Sept. 17, a statement said.

This is the seventh distribution since 2021.

Palisades closed up $0.06, to $1.58 on the TSX Venture Exchange on Monday.