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North American Palladium raises C$10M for exploration at Ontario properties

North American Palladium Ltd. raised C$10 million through a previously announced nonbrokered private placement.

The company issued 714,257 flow-through shares at C$14 apiece, it said Dec. 24.

North American Palladium intends to use the proceeds to support exploration at the company's Camp Lake, East Mine Block properties and the Sunday Lake nickel property in Ontario.

The company said earlier in the month that it was planning to raise about C$5 million through a nonbrokered financing.