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Non-Tech : The Woodshed -- Ignore unavailable to you. Want to Upgrade?

To: roguedolphin who wrote (44572)	12/12/2007 12:31:33 AM
From: blind-geezer	Respond to of 60914

but why does it go down day after day after day stockcharts.com chart comparing PAL with the price of Palladium ...

To: roguedolphin who wrote (44572)	12/12/2007 9:47:53 AM
From: blind-geezer	Respond to of 60914

bought some PAL at 3.60, if these guys are willing to pay 4 bucks, then I think this bad boy is okay ... North American Palladium Ltd. Announces Increase In Unit Offering 12 Dec 2007, 01:08 PM ET North American Palladium Ltd. announced that Kaiser-Francis Oil Company has elected to exercise its right to fully subscribe for 25% of the unit offering, resulting in increased gross proceeds of approximately $75 million from $56 million. The offering is being made under a prospectus supplement to North American Palladium's shelf prospectus dated November 16, 2007. After giving effect to the participation of Kaiser-Francis Oil Company, the Company will issue 18,666,667 units at a price of $4.00 per unit (CDN$4.04 per unit). Each unit consists of one common share and one half of a common share purchase warrant of North American Palladium. Each whole warrant will entitle the holder to purchase one common share at a price of $5.05 per share at any time on or prior to two years from the date of the closing of this offering, expected to occur on December 13, 2007. The units will mandatorily separate after the closing of this offering into common shares and warrants. North American Palladium has also granted the underwriters an over-allotment option to purchase an additional 2.1 million units for a period of 30 days after the date of the final prospectus supplement. Assuming the completion of the offering and the full exercise of the over-allotment option, Kaiser-Francis Oil Company will have the right to purchase an additional 700,000 units. The lead manager of the underwriting syndicate is Merrill Lynch & Co.