Canadian Palladium Resources Inc. (CNSX:BULL) announced a private placement on a best efforts basis, of up to 8,333,400 units at a price of CAD 0.12 per unit for gross proceeds of CAD 1,000,008 and up to 14,814,900 flow-through common shares at a price of CAD 0.135 per share for gross proceeds of CAD 2,000,011.5 for aggregate gross proceeds of CAD 3,000,019.50 on September 9, 2020. Each unit will consist of one common share and one common share purchase warrant. Each warrant will entitle the holder to acquire one share at a price of CAD 0.18 for a period of 24 months following the closing date. The company has granted Eight Capital Corp. an over-allotment option to purchase up to an additional CAD 1,000,000 of units and/or flow-through shares at their respective offering price, exercisable in whole or in part, at any time on or prior to 48 hours prior to the closing of the transaction. If this option is exercised in full, an additional CAD 1,000,000 will be raised in the transaction and the aggregate gross proceeds will be approximately CAD 4,000,000. The transaction is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the Canadian Securities Exchange and the applicable securities regulatory authorities.