12:03 PM EST, 11/24/2025 (MT Newswires) -- (Updates shares.)

Palisades Goldcorp ( PLGDF ) late Friday said it now holds a less than 10% stake in New Found Gold ( NFGC ) after New Found issued shares to acquire Maritime Resources.

Prior to deal completion, Palisades held 33.5 million shares, or about 13.8% of New Found's 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.

Palisades' share price at last look Monday $0.08 to $1.50 on the TSX Venture Exchange.

Price: 1.50, Change: +0.08, Percent Change: +5.63