North American Palladium completes US$100 million cross-border unit offering

On April 28, 2010, North American Palladium Ltd. (TSX:PDL)(TSX:PDL.WT.A)(TSX:PDL.WT.B)(NYSE Amex:PAL) completed its previously announced cross-border bought deal public offering of 20 million units at a price of $5.00 per unit, for total gross proceeds of $100 million. Cormark Securities Inc. and Haywood Securities Inc. co-led the underwriting syndicate, which included Thomas Weisel Partners Canada Inc., Octagon Capital Corporation, Dundee Securities Corporation, GMP Securities L.P., Knight Capital Markets LLC and Macquarie Capital Markets Canada Ltd. Fasken Martineau advised the underwriters in this transaction with a team that included Rob Mason and Amanda Fullerton (corporate/securities) and Mitchell Thaw (tax).