Brief: North American Palladium signs option agreement for sunday lake project

Transition Metals

20/06/2017 21:11

June 20 (Reuters) - North American Palladium Ltd  PDL.TO  
    * North American Palladium signs option agreement for the 
sunday lake project and commences new exploration strategy 
    * North American Palladium Ltd -  signing of a definitive 
option agreement with Impala Platinum Holdings Limited and 
Transition Metals Corp 
    * North American Palladium -agreement provides co with 
exclusive right to acquire 75% ownership position in Sunday Lake 
project located near thunder bay 
    * North American Palladium Ltd - commenced implementation 
of a new exploration strategy, as part of its overall business 
plan 
    * North American Palladium Ltd - new exploration strategy 
features up to $10 million of annual exploration spending over 
next three years 
    * North American Palladium -deal for cumulative cash payment 
of $3.5 million, completing minimum $4.5 million in qualified 
expenditures over 5-year staged earn-in period 
 
Source text for Eikon:  ID:nCCNcR6Dda  
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