Canadian Palladium Resources Inc. announced a non-brokered private placemen to issue units at a price of CAD 0.35 on November 9, 2023. The company intends to complete the first tranche of a non-brokered private placement of up to 2,857,143 units at a price of CAD 0.35 per unit for gross proceeds of up to CAD 1,000,000.05. Each unit will consist of one common share and one-half of one common share purchase warrant, with each warrant being exercisable at a price of CAD 0.45 for a period of 24 months.

The closing of the first tranche financing prior to the date of the meeting, and notes that both such events are not subject to shareholder approval. The company also intends to complete a second tranche of the financing to issue up to 8,571,429 units at a price of CAD 0.35 for intended gross proceeds of up to CAD 3,000,000.15.