09:59 AM EST - North American Palladium Ltd. : announced that on October 4, 2011 it sold $70 million of senior secured notes by way of a private placement, with Sprott Resource Lending Corp., who was the lead investor in the Notes. The Notes were issued in $1,000 denominations and bear interest at a rate of 9.25% per year, payable semi-annually. The Notes will mature on October 4, 2014, with the Company having an option to extend for an additional one year. North American Palladium Ltd.
shares T.PDL are trading down $0.01 at $2.20.
