Palisades Ventures Inc. (TSXV:PSV) entered into a binding letter agreement to acquire Intermont Exploration LLC for CAD 0.42 million in stock on December 28, 2016. As part of transaction, Palisades Ventures will issue 6.5 million shares of its common stock to shareholders of Intermont Exploration. In a related transaction, Palisades Ventures Inc. (TSXV:PSV) entered into a binding letter agreement to acquire 1027344 B.C. Ltd. on December 28, 2016. Palisades will complete a private placement of units for gross minimum proceeds of CAD 1 million and gross maximum proceeds of CAD 2 million at a price of CAD 0.15 per unit. On closing of the transaction, the board of directors of Palisades is expected to be composed of Alan Carter and Dennis Moore, Michael Williams and Paul Reynolds. The management of Palisades is expected to be composed of Alan Carter as Chairman, Dennis Moore as Chief Executive Officer, Clay Newton as Vice President Exploration, and Paul Hansed as Chief Financial Officer and Corporate Secretary. On completion of the transaction, Palisades Ventures will change its name to Fremont Gold Ltd. The closing of the transaction is subject to the parties completing due diligence of each other, negotiating and entering into a definitive agreement, obtaining approval of the shareholders of Palisades, completing a consolidation of shares of Palisades, private placement completion and obtaining TSX-V approval. As of February 28, 2017, Palisades Ventures Inc. and Intermont Exploration LLC completed the due diligence. On April 24, 2017, Palisades Ventures informed that Palisades will not be seeking shareholder approval. As of June 20, 2017, TSX Venture Exchange has granted conditional approval of the transaction. Palisades Ventures completed a non-brokered private placement of 10,257,132 units of the Company at a price of $0.15 per unit for gross proceeds of CAD 1.5 million.