Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: Boolish who wrote (160752)	5/26/2009 2:55:02 PM
From: Goose94	Respond to of 312971

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."