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PALISADES ANNOUNCES SETTLEMENT OF DISPUTE WITH THREED CAPITAL INC. & 1313366 ONTARIO INC.

Newswire.ca - Thu Jun 6, 5:00AM CDT

VANCOUVER, BC, June 6, 2024 /CNW/ - Palisades Goldcorp Ltd. (TSXV: PALI) ("Palisades" or the "Company") announces that it has reached a settlement concerning a lawsuit filed by ThreeD Capital Inc. and 1313366 Ontario Inc. (together, the "Plaintiffs") against the Company, Mr. Collin Kettell, and New Found Gold Corp. ("NFG" together, the "Defendants") in the Ontario Superior Court of Justice in Toronto, Ontario. To avoid the expense, burden and uncertainty associated with litigation and to resolve the litigation completely, the parties entered into a settlement agreement, without any admission of wrongdoing.

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