North American Palladium Grosses C$43 Million In Offering
North American Palladium Ltd. (TSX:PDL,NYSE:PAL) announced the completion of the offering of 43,000 convertible unsecured subordinated debentures for total gross proceeds of C$43 million.
North American Palladium Ltd. (TSX:PDL,NYSE:PAL) announced the completion of the offering of 43,000 convertible unsecured subordinated debentures for total gross proceeds of C$43 million.
As quoted in the press release:
The net proceeds from the Offering will be used for the Company’s mine expansion expenditures at its Lac des Iles palladium mine and for general corporate purposes.
The Debentures will mature on September 30, 2017 (the “Maturity Date”), unless redeemed earlier, and will bear interest, calculated and payable semi-annually in arrears on March 31 and September 30 of each year, at a rate of 6.15% per year. The Debentures will be convertible at the holder’s option into common shares (“Common Shares”) of the Company at any time prior to the close of business on the earlier of: (i) the business day immediately preceding the Maturity Date, (ii) the business day immediately preceding the date fixed for redemption of the Debentures, and (iii) if being repurchased on a “change of control”, on the business day immediately preceding the payment date, at a conversion price of C$2.90 per Common Share (the “Conversion Price”).
Click here to read the North American Palladium Ltd. (TSX:PDL) press release.
MARKETS
COMMODITIES
Commodities | |||
---|---|---|---|
Gold | 1861.59 | -19.61 | |
Silver | 21.88 | -0.39 | |
Copper | 4.18 | -0.09 | |
Palladium | 2086.50 | +59.50 | |
Platinum | 959.50 | +2.50 | |
Oil | 104.33 | -5.44 | |
Heating Oil | 3.90 | -0.05 | |
Natural Gas | 7.38 | -0.67 |
DOWNLOAD FREE REPORTS
BROWSE COMPANIES BY SECTOR
- Agriculture Investing
- Phosphate Investing
- Potash Investing
- Base Metals Investing
- Copper Investing
- Iron Investing
- Lead Investing
- Nickel Investing
- Zinc Investing
- Battery Metals Investing
- Cobalt Investing
- Graphite Investing
- Lithium Investing
- Manganese Investing
- Vanadium Investing
- Critical Metals Investing
- Magnesium Investing
- Rare Earth Investing
- Scandium Investing
- Tantalum Investing
- Tellurium Investing
- Tungsten Investing
- Energy Investing
- Oil and Gas Investing
- Uranium Investing
- Gem Investing
- Diamond Investing
- Industrial Metals Investing
- Aluminum Investing
- Chromium Investing
- Coal Investing
- Molybdenum Investing
- Tin Investing
- Precious Metals Investing
- Gold Investing
- Palladium Investing
- Platinum Investing
- Silver Investing
- 3D Printing Investing
- Bitcoin Investing
- Blockchain Investing
- Cleantech Investing
- Cloud Investing
- Cryptocurrencies
- Data Investing
- Emerging Tech Investing
- Artificial Intelligence Investing
- Mobile Investing
- Robotics Investing
- Fintech Investing
- Gaming Investing
- Esports Investing
- Nanoscience Investing
- Graphene Investing
- Nanotech Investing
- Security Investing
Featured stocks
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.