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Bullboard - Stock Discussion Forum New Found Gold Corp V.NFG

Alternate Symbol(s):  NFGC

New Found Gold Corp. is a Canada-based mineral exploration company engaged in the acquisition, exploration and evaluation of resource properties with a focus on gold properties located in Newfoundland and Labrador, Canada. The Company holds a 100% interest in the Queensway Project, which comprises a approximately 1,662 square kilometers area, located about 15 kilometers (km) west of Gander... see more

TSXV:NFG - Post Discussion

New Found Gold Corp > Parker Joint Actors acquires another 660.000 shares
View:
Post by nozzpack on May 22, 2024 4:06am

Parker Joint Actors acquires another 660.000 shares

Palisades Goldcorp Ltd
Symbol PALI
Shares Issued 47,903,977
Close 2024-05-21 C$ 2.62
Market Cap C$ 125,508,420
Recent Sedar Documents

 

Palisades investor Parker acquires 660,000 shares

 

2024-05-21 20:19 ET - News Release

 

Mr. Michael Parker, an investor, reports

MICHAEL A. PARKER ACQUIRES SECURITIES OF PALISADES GOLDCORP LTD.

Michael A. Parker has indirectly acquired ownership and control of 660,000 common shares of Palisades Goldcorp Ltd., effective May 21, 2024.

The subject shares were acquired through the facilities of the TSX Venture Exchange and represent approximately 1.4 per cent of all issued and outstanding common shares of the company as of May 21, 2024, resulting in a corresponding change to the aggregate percentage ownership of the company by the acquirer.

Immediately before the acquisition, the acquirer and his joint actors held an aggregate of 7,136,891 shares, representing approximately 14.9 per cent of the issued and outstanding shares, of which the acquirer held 78,960 shares, representing less than 1 per cent of the issued and outstanding shares, and his joint actors held 7,057,931 shares, representing approximately 14.7 per cent of the issued and outstanding shares.

Immediately following the acquisition, the acquirer and his joint actors held 7,796,891 shares, representing approximately 16.2 per cent of the issued and outstanding shares at May 21, 2024, of which the acquirer held 78,960 shares, representing less than 1 per cent of the issued and outstanding shares, and his joint actors held 7,717,931 shares, representing approximately 16.1 per cent of the issued and outstanding shares immediately following the completion of the acquisition.

The subject shares were acquired through the facilities of the TSX Venture Exchange for a price of $2.53333 per share.


The holdings of securities of the company by the acquirer are managed for investment purposes, and the acquirer and/or his joint actors could increase or decrease their respective investments in the company at any time, or continue to maintain their current investment position, depending on market conditions or any other relevant factor.

Additional information

Comment by nozzpack on May 22, 2024 4:14am
So, who are the joint actors funding the acquisition of nearly 8 milion Pali shares since May of 2023? For what Purpose ? Expectation of a major coming event for NFG predictable one year ago makes sense. The valuation multiple for a gold producer is several times higher than for a explorer. Cant beat that evidential logic as an incentive to buy Pali shares which are a direct proxy of NFG ...more  
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