Article: North American Palladium Exercises Right to Sell US$13.5 Million Convertible Notes and Common Share Purchase Warrants.

Trading Symbols TSX - PDL AMEX - PAL

TORONTO, June 13 /PRNewswire-FirstCall/ -- North American Palladium Ltd. announced today that the Corporation has exercised its right to require Kaiser- Francis Oil Company ("KFOC") to purchase US$13.5 million convertible notes (the "Series II Notes") and related common share purchase warrants (the "Series II Warrants"). The offering is governed by the previously announced Securities Purchase Agreement (the "Agreement") dated March 24, 2006 among the Corporation, KFOC and IP Synergy Finance Inc. ("IPSF"), the "Purchasers". IPSF has an option to acquire up to 50% of the Series II Notes and Series II Warrants. The transaction ...

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!