North American Palladium to Acquire Vezza Gold Project

April 21, 2010 admin Newsmakers Comments Off on North American Palladium to Acquire Vezza Gold Project

Apr 21, 2010–North American Palladium, Ltd. (AMEX: PAL), a precious metals mining company, has entered into a letter of intent to acquire the Vezza gold project in Quebec, Canada from Agnico-Eagle Mines Limited for CAD10 million ($9.83million).

Agnico-Eagle Mines is a gold mining company. Both the companies are based in Canada. The Vezza gold property has 288,000 contained ounces of gold.

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The purchase consideration comprises a cash component of CAD3.5 million ($3.44 million) and CAD6.5 million ($6.39 million) in shares of Palladium.

The transaction is expected to close by May 20, 2010.




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