North American Palladium Announces Acceleration of Series A Warrants

North American Palladium (TSX:PDL,NYSE:PAL)  reports that it has chosen to accelerate the expiry of Series A warrants.

The press release is quoted as saying:

Pursuant to the warrant indenture between the Company and Computershare Trust Company of Canada (the Trustee) dated as of September 30, 2009, in the event that the 20-day volume weighted average price of the common shares on the TSX is equal to or greater than C$5.75 per share, the Company has the right to accelerate the expiry date of the Series A warrants. NAP has given notice of its intention to accelerate the expiry date of the warrants to the registered holders of the warrants, the Trustee and the TSX, in accordance with the provisions of the warrant indenture.

To access the full release, click here.