06:06 AM EST, 11/24/2025 (MT Newswires) -- Palisades Goldcorp ( PLGDF ) late Friday said it now holds less than 10% of the total issued and outstanding shares of New Found Gold ( NFGC ) following the issuance of common shares by New Found under a deal with Maritime Resources.

Prior to deal completion, Palisades held 33.5 million shares, or about 13.8% of New Found's outstanding shares. Following deal completion, Palisades continues to hold 33.5 million shares, but it now makes up about 9.9% of New Found's outstanding shares.

Palisades' holding of securities of New Found are managed for investment purposes. The company may increase or decrease its investment in New Found at any time or continue to maintain its current investment position.