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.
Overview
- 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.