North American Palladium (PAL) Halted, News Pending
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North American Palladium (PAL) Recieves Financing for Ontario Mine Expansion
June 7, 2013 1:10 PM EDTNorth American Palladium Ltd (NYSE: PAL) announces financings to fund the Company's ongoing expansion of its Lac des Iles ("LDI") mine in Ontario.
Summary:
*Closing of a US$130 million senior secured term loan from Brookfield Capital Partners Ltd. ("Brookfield"), the private equity group of Brookfield Asset Management Inc.;
*Payment and satisfaction of the existing $72 million senior secured notes due October 4, 2014;
*Fully subscribed private placement of approximately $20 million in flow- through shares at a 2% premium to the relevant market price; and
*Extension of the existing operating... More
