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On December 10, 2024, Palisades Goldcorp Ltd. (TSXV: PALI) (“Palisades”) and Radio Fuels Energy Corp. (“Radio Fuels”) (CSE: CAKE, OTCQB: CKEFF) announced that they had entered into a definitive arrangement agreement dated December 9, 2024 under which Palisades will acquire all of the issued and outstanding shares of Radio Fuels.  

Under the terms of the arrangement agreement, each Radio Fuels share will be exchanged for 0.060538 of a Palisades common share, implying an equity value of $20.6 million on a fully diluted basis (the “Transaction”).  

Upon completion of the Transaction, existing Palisades shareholders and former Radio Fuels shareholders will own approximately 76% and 24%, respectively, of the issued and outstanding Palisades shares. 

Radio Fuels is a junior natural resource company focused on providing exposure to uranium and other commodities through the investment in, acquisition, exploration, and development of projects and companies. 

Fort Capital is acting as financial advisor and provided an independent fairness opinion to the Special Committee of Radio Fuels.