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Gold/Mining/Energy : North American Palladium(AMEX:PAL)- PGM Producer -- Ignore unavailable to you. Want to Upgrade?

To: Sleeper who wrote (709)	10/10/2000 1:53:09 PM
From: PHILLIP FLOTOW	Read Replies (1) \| Respond to of 976

10/10 1:25P North Amer Palladium To Sell 23.2M Shrs At C$9.50/Shr North Amer Palladium/Shrs -2: Grants 1.9M-Shr Option THUNDER BAY, Ont. (Dow Jones)--North American Palladium Ltd. (T.PDL) has priced an offering of 23,157,895 shares at C$9.50 each, for gross proceeds of C$220 million. As reported, North American Palladium announced plans in late August for a share offering in Canada and the U.S. In a news release, North American Palladium said it granted the underwriters of the offering a 30-day option to purchase up to another 1,894,737 common shares on the same terms. The company said the underwriting syndicate is being led by BMO Nesbitt Burns Inc. The company said its principal shareholder, Kaiser-Francis Oil Co., has agreed to purchase 13,157,895 common shares under this offering to maintain its current ownership interest in the company. The Toronto Stock Exchange and the American Stock Exchange have conditionally approved the listing of the offered common shares, subject to the company fulfilling the requirements of such exchanges. Closing of the share offering is expected on about Oct. 13. At last report, North American Palladium, which produces platinum-group metals, had 12.5 million shares outstanding. Company Web Site: napalladium.com -Judy McKinnon, Dow Jones Newswires PHIL