North American Palladium Files Preliminary Base Shelf Prospectus

North American Palladium (“NAP” or the “Company”) (TSX:PDL)(OTC PINK:PALDF) announced today that it has filed a preliminary base shelf prospectus (the “Shelf Prospectus”) with the securities regulatory authorities in each of the provinces and territories of Canada (other than Quebec). The filing is part of the Company’s ordinary course of business.
The Shelf Prospectus, when made final, will enable NAP to make offerings of up to $75,000,000 of (i) common shares; (ii) senior and subordinated unsecured debt securities, including debt securities convertible or exchangeable into other securities of NAP; (iii) subscription receipts; (iv) warrants; (v) share purchase contracts; and (vi) units comprised of one or more of the foregoing securities, during the 25 month period that the Shelf Prospectus, including any amendments thereto, remains valid.

The nature, size and timing of any such financings (if any) will depend, in part, on NAP’s assessment of its requirements for funding and general market conditions.
Unless otherwise specified in the prospectus supplement relating to a particular offering of securities, the net proceeds from any sale of any securities will be used for general working capital purposes, and for one or more other general corporate purposes including to repay existing or future indebtedness and to finance future growth opportunities

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