Offering includes flow-through common shares at C$1.155 per share
By Devika Patel
Knoxville, Tenn., June 19 - North American Palladium Ltd. said it took in C$10 million in the first tranche of a C$20 million private placement of stock.
The company is selling flow-through common shares at C$1.155 per share. The price per share reflects a 7.94% premium to the June 18 closing share price of C$1.07. North American Palladium sold 8,668,009 shares in the first tranche.
Settlement of the second tranche is expected July 23.
Toronto-based North American Palladium is a platinum group metals exploration company.
| Issuer: | North American Palladium Ltd.
|
| Issue: | Flow-through common shares
|
| Amount: | C$20 million
|
| Price: | C$1.155
|
| Warrants: | No
|
| Settlement dates: | June 19 (for C$10 million), July 23
|
| Stock symbol: | Toronto: PDL
|
| Stock price: | C$1.07 at close June 18
|
| Market capitalization: | C$189.28 million
|
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