Palisades Goldcorp investor Parker adds to holdings

• Date: April 28, 2026
• Event: Change in Ownership / Conversion of Convertible Notes.
• Key Action: Investor Michael A. Parker (via Tungsten III LLC) converted $4,161,600 CAD in convertible notes into 3,356,129 common shares.
• Conversion Price: C$1.24 per share (adjusted from previous $1.50).
• Ownership Impact: Parker's group ownership increased from approximately 21.0% to 24.7% of issued and outstanding common shares.
• Context: This filing confirms the execution of terms announced on April 27, 2026, alongside a new C$40 million loan facility with Bank of Montreal (BMO).
• Debt Status: Following this conversion, the company's only remaining debt obligation is under the BMO Loan Facility.

• Positive Confirmation: The news confirms the removal of significant convertible debt ($4.16M), reducing interest burden and default risk.
• Insider Commitment: A major shareholder converting debt to equity at a fixed price signals confidence in the company's long-term value, particularly as the conversion price ($1.24) is significantly below the current trading price (~$2.76).
• Routine Nature: While positive, this news is largely procedural confirmation of the financing and restructuring announced on April 27, 2026. The market-moving terms (BMO facility size, interest rate, conversion mechanics) were disclosed in the prior day's release.
• Dilution Concern: The conversion occurred at $1.24/share while the stock trades near $2.76. This represents a transfer of value to the converting lender/investor compared to current market levels, which is dilutive to existing shareholders who did not participate in the conversion at that discount.
• Capital Structure Improvement: Eliminating the note reduces immediate cash flow pressure for interest payments (though accrued interest was paid in cash), leaving only the BMO facility which has flexible repayment terms.

• Company Profile: Palisades Goldcorp Ltd. is a junior mining company focused on gold exploration in Nevada, USA.
• Flagship Project: Made in America Gold Corp. (MIAG) subsidiary portfolio in the Battle Mountain–Eureka corridor.
• Land Position: Following the acquisition of Undercover Gold Inc. (closed Feb 2026), MIAG controls approximately 800 km², positioning it as a significant junior landholder adjacent to Tier-1 deposits like Cortez Hills and Fourmile.
• Geology: Targets Carlin-type gold mineralization in the Lower Plate of the Roberts Mountain thrust.
• Royalties: The company retains a 1.75% NSR on all 100% owned MIAG claims (excluding acquired blocks) for shareholder benefit, while some existing royalties remain with third parties like NewQuest.