North American Palladium Files Preliminary Base Shelf Prospectus
TORONTO, March 22, 2019 — North American Palladium Ltd. (“NAP” or the “Company”) (TSX:PDL) (OTC PINK:PALDF) today announced that it has filed a preliminary short form base shelf prospectus (the “Prospectus”) to provide the Company with the flexibility to take advantage of financing opportunities, if and when needed, assuming debt or equity market conditions are favourable during the 25-month period that the the Prospectus, once made final, remains effective (the “Effective Period”).
The Company also announced the voluntary withdrawal of its existing final short form base shelf prospectus filed on SEDAR on June 16, 2017 concurrently with the filing of the Prospectus.
The Prospectus has been filed in each of the provinces and territories in Canada. These filings, when made final and effective, will enable offerings of up to $500 million of common shares (treasury and/or secondary), senior and subordinated debt securities, including debt securities convertible or exchangeable into other securities of NAP, subscription receipts, warrants, share purchase contracts, and units comprised of one or more of the securities hereof (collectively, the “Securities”) at any time during the Effective Period.
This press release does not constitute an offer to sell or the solicitation of an offer to buy securities, nor will there be any sale of the Securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under securities laws of any such jurisdiction.
If any Securities are offered under the Prospectus, the terms of any such Securities and the intended use of the net proceeds resulting from such offering would be established at the time of any offering and would be described in a prospectus supplement filed with the applicable Canadian securities regulatory authorities at the time of such offering and would be made available by NAP.
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North American Palladium Ltd.