Key Developments: North American Palladium Ltd (PAL)

PAL on American Stock Exchange

0.16USD
22 Oct 2014
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Latest Key Developments (Source: Significant Developments)

North American Palladium Ltd gives FY 2014 production guidance
Thursday, 1 May 2014 06:00am EDT 

North American Palladium Ltd:Expects FY 2014 palladium production in the range of 170,000-175,000 ounces.  Full Article

North American Palladium Ltd completes final issuance of $5 mln of convertible debentures in connection with second tranche of offering
Thursday, 17 Apr 2014 09:22am EDT 

North American Palladium Ltd:Sold additional $5 mln in convertible debentures in connection with its second tranche offering of 7.5 pct convertible unsecured subordinated debentures and associated warrants, as disclosed by news release on April 8.Syndicate of agents was led by Edgecrest Capital Corporation and included Canaccord Genuity Corp. in Canada, and Canaccord Genuity Inc. in United States, as exclusive placement agents for Offering.  Full Article

North American Palladium completes second tranche of convertible debenture offering
Friday, 11 Apr 2014 09:45am EDT 

North American Palladium Ltd:Says that it has closed the second tranche, for gross proceeds of $30 mln.Says it has sold $30 million principal amount of convertible unsecured subordinated debentures.Second Tranche Debentures will mature on April 11.Net proceeds from the Offering are expected to be used for expenditures at the Company's Lac des Iles mine, exploration, mining equipment and for other general corporate purposes.  Full Article

North American Palladium Ltd provides update on second tranche offering
Tuesday, 8 Apr 2014 06:40pm EDT 

North American Palladium Ltd:Updated second tranche of public offering of 7.5 pct. convertible unsecured subordinated debentures.Including an amendment to the terms and expected closing schedule.The conversion price of the second tranche debentures will be C$0.4629 per share and the exercise price of the second tranche warrants will be C$0.5786 per share.Acceleration of the anticipated closing date to on or around April 10, 2014.The net proceeds from the offering are expected to be used for expenditures at the company's Lac des Iles mine, exploration, mining equipment and for other general corporate purposes.  Full Article

North American Palladium Ltd announces improved terms for second tranche of offering
Monday, 7 Apr 2014 08:00am EDT 

North American Palladium Ltd:Updates on second tranche of its previously announced public offering of 7.5 pct convertible unsecured subordinated debentures.Amends the terms of the offering of 7.5 pct convertible unsecured subordinated debentures due the fifth anniversary of the issue date and associated warrants.A decrease in the maximum size of the Offering from $43 mln to $35 mln.A reduction in the number of Series 2 Warrants from 33.33 pct to 25 pct of the number of common shares of the company that the series 2 debentures are convertible into.Net proceeds to be used for expenditures at the company's Lac des Iles mine, exploration, mining equipment and for other general corporate purposes.Edgecrest Capital Corporation has been retained as lead agent and book-runner.Intends to apply to list the common shares issuable pursuant to the terms of the Series 2 debentures and warrants on the TSX and the NYSE MKT.  Full Article

North American Palladium Ltd completes additional issuance of $4.5 mln of convertible debentures in connection with first tranche of offering
Monday, 10 Feb 2014 11:52am EST 

North American Palladium Ltd:Says that it has sold an additional $4.5 mln in convertible debentures in connection with its first tranche offering of 7.5% convertible unsecured subordinated debentures and associated warrants, as disclosed by news release on Jan. 31.Says as per the company's initial target for the First Tranche offering, the aggregate gross proceeds are $32 mln.Says exercise of the warrants issued in the First Tranche is subject to disinterested shareholder approval.  Full Article

North American Palladium Ltd completes first tranche of convertible debenture offering
Friday, 31 Jan 2014 01:18pm EST 

North American Palladium Ltd:Says that it has closed the first tranche, for gross proceeds of about C$27.5 mln of its previously announced public offering of up to C$75 mln principal amount (in two tranches) of 7.5% convertible unsecured subordinated debentures and associated warrants.Says through the First Tranche of the Offering, the Company sold about C$27.5 mln principal amount of convertible unsecured subordinated debentures (the Debentures) of NAP at a price of $1,000 per Debenture.Says the First Tranche Debentures will mature on Jan. 31, 2019, unless redeemed or converted earlier, or unless extended, and will bear interest at an annual rate of 7.5% payable semi-annually in arrears on January 31 and July 31 of each year, commencing July 31, 2014.  Full Article

North American Palladium Ltd provides pricing update on proposed financing
Thursday, 30 Jan 2014 09:04am EST 

North American Palladium Ltd:Says it has amended the conversion price of its previously announced proposed public offering of up to C$32 million principal amount of 7.5 pct convertible unsecured subordinated debentures and associated warrants.The conversion price was amended to reflect the volume weighted average price (VWAP) of the common shares on the toronto stock exchange on Jan. 29.The initial conversion price of the first tranche debentures will be C$0.635 and the initial exercise price of the first tranche warrants will be C$0.762.The first tranche is now anticipated to close on or around Jan. 31.  Full Article

North American Palladium Ltd announces proposed financing
Monday, 13 Jan 2014 04:25pm EST 

North American Palladium Ltd:Says it has commenced marketing in connection with a public offering of securities.Says the Offering is expected to be conducted in two tranches.Says the first tranche is anticipated to be $30 million aggregate principal amount of 7.5% convertible unsecured subordinated debentures due the fifth anniversary of the issue date.Says the second tranche is anticipated to be between $20 million and $45 million aggregate principal amount of securities comprised of 7.5% convertible unsecured subordinated debentures due on the fifth anniversary of the issue date and warrants expiring three years from the date of issue.Says Edgecrest Capital Corporation has been retained as lead placement agent and sole bookrunner for a syndicate to be formed.Says the proceeds from the Offering are expected to be used for general corporate purposes.  Full Article

North American Palladium Ltd announces an additional $21 mln in cash received from brookfield
Monday, 2 Dec 2013 10:07am EST 

North American Palladium Ltd:Says it has amended its $130 million senior secured term loan with Brookfield Capital Partners Ltd resulting in an additional advance of $21.4 million of cash to support working capital needs and continue funding operating and capital expenditures.Says pursuant to the amendment, the interest rate will be recalculated as if NAP had elected to accrue interest on the loan from the date of the original closing, resulting in a 4 pct increase of the interest rate from 15 pct to 19 pct until the company reverts to cash interest payments.Says its additional proceeds are expected to support NAP's working capital needs and enable the company to continue funding its operating and capital expenditures.  Full Article

Worker dies at North American Palladium mine in Ontario

July 11 - Canadian miner North American Palladium Ltd said on Friday that a death had occurred at its Lac des Iles palladium mine near Thunder Bay in northwestern Ontario.

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