North American Palladium has filed for a $100 million share offering with Canadian and US regulators, it has been announced.

Under the terms of the offer, one unit will comprise one common share and one-half of a common share purchase warrant of North American Platinum.

Funding from the sale is earmarked for the further development of the Offset High Grade Zone at the Lac des Iles mine, the Shebandowan West Project, located approximately 100 kilometres from the mine, and the Arctic Platinum Project in Finland.

The Canadian miner will offer the funds under an existing shelf prospectus, which is filed in Canada and under the multijurisdicational disclosure system in the US.

The earlier filing was confirmed this month and saw North American Palladium register plans with US regulators to sell up to $300 million in common shares and debt securities.

Source:

North American Palladium Announces Marketed Unit Offering, 28/11/07
http://www.marketwire.com/mw/release.do?id=796946

North American Palladium files for $300 mln shelf, 02/11/07
http://www.reuters.com/article/newIssuesNews/idUSN0239917620071102

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