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March 24, 2013
12:33 EDTPALNorth American Palladium announces the sale of its gold division
North American Palladium announced that it has closed the sale of its Quebec-based gold division, NAP Quebec Mines, which holds the Vezza mine, the Sleeping Giant mine and mill complex, and its nearby portfolio of exploration properties, to Maudore Minerals . A binding agreement in respect of the sale was entered into on closing. The purchase price paid by Maudore consisted of $18M in cash and 1.5M common shares of Maudore, which shares are listed for trading on the TSX Venture Exchange. The shares are subject to a four-month hold period in accordance with Canadian securities laws. An adjustment to the purchase price for gold and silver inventory will also result in additional payments to NAP post closing. NAP intends to use the net proceeds from the sale to fund the mine expansion at its Lac des Iles palladium mine in Ontario.
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July 30, 2014
06:23 EDTPALNorth American Palladium announces exploration plans for remainder of 2014
An additional 30,000 meters of underground and surface drilling are expected to be completed before the end of the year. In August, two underground drill rigs will be positioned in the south end of the 655 meter level exploration drift and will begin systematic conversion drilling on the central Offset target below the 1,065 meter level. Surface drilling will continue to target deeper levels on the projected extension of the south-plunging central Offset target.
06:23 EDTPALNorth American Palladium sold 40,716 ounces of payable palladium at cost of $510
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06:21 EDTPALNorth American Palladium reports Q2 (3c), one estimate (2c)
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