By Devika Patel
Knoxville, Tenn., Sept. 22 - North American Palladium Ltd. said it plans a private placement of shares to raise C$15 million.
The company will sell 4 million flow-through shares at C$3.75 per share.
Settlement is expected Oct. 8.
Proceeds will be used for exploration.
Toronto-based North American Palladium is a platinum group metals exploration company.
| Issuer: | North American Palladium Ltd.
|
| Issue: | Flow-through common shares
|
| Amount: | C$15 million
|
| Shares: | 4 million
|
| Price: | C$3.75
|
| Pricing date: | Sept. 22
|
| Settlement date: | Oct. 8
|
| Stock symbol: | Toronto: PDL
|
| Stock price: | C$3.38 at close Sept. 21
|
| Market capitalization: | C$323 million
|
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