New Found Gold and ThreeD Capital Resolve Litigation with Share Settlement

The agreement avoids trial and allows both companies to focus on their core operations without legal distractions.

New Found Gold and ThreeD Capital have settled a lawsuit involving Palisades Goldcorp and Collin Kettell.
The settlement includes a transfer of 3.75 million New Found Gold shares to the plaintiffs.
Palisades Goldcorp will transfer the majority of the shares, with New Found issuing additional shares pending regulatory approval.
The resolution avoids the costs and uncertainties of a trial that was scheduled for January 2025.
Both parties have agreed to the settlement without any admission of liability.