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Strategies & Market Trends : Ride the Tiger with CD

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To: Boolish who wrote (160752)	5/26/2009 2:55:02 PM
From: Goose94	of 312875

News May 26, '09 North American Palladium Ltd. (NAP-T) has completed its acquisition of Cadiscor Resources (CAO-V) in an all-share transaction whereby Cadiscor shareholders received 0.33 of a common share of NAP for each common share of Cadiscor. NAP issued 14.5 million common shares on closing, and now has 101.3 million shares issued and outstanding. William Biggar, president and chief executive officer, commented: "We are very pleased to have completed this acquisition, which is an important first step in our evolution into a diversified precious metals producer. The Sleeping Giant gold mine, located in the prolific Abitibi region of Quebec, is an excellent asset with near-term production. Operational teams are already in place at Sleeping Giant and are preparing for the restart of the mine in the fourth quarter of this year. Annual production is expected to be approximately 50,000 ounces. We believe that there is also potential to extend mine life and our exploration team will be conducting an extensional drilling program later this year."

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