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Palladium miner digs for exploration money

North American Palladium (NAP) entered into an agreement with RBC Capital Markets to sell more than $4 million worth of flow-through shares. The Toronto miner announced Nov.

North American Palladium (NAP) entered into an agreement with RBC Capital Markets to sell more than $4 million worth of flow-through shares.

The Toronto miner announced Nov. 14 that 2,425,000 flow-shares of NAP will be made available on a bought deal private placement basis at a price of $1.65 per share.

The proceeds are earmarked for the company's surface exploration program at its Lac des Iles mine, north of Thunder Bay, as well as other greenfield exploration properties in Ontario.