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N.American Palladium ends CAO deal

Commodity Online
North American Palladium Ltd. (AMEX:PAL) has finally completed the acquisition of Cadiscor Resources Inc. (CVE:CAO) in an all-share transaction wherein the latters shareholders received 0.33 common shares of PAL/share of Cadiscor.

North American Palladium Ltd. is in the business of exploring and mining Platinum Group Metals and precious metals. Cadiscor Resources Inc. is engaged in the exploration of mining properties with a view to commercial production.

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PAL issued 14.5 million common shares on closing while it currently holds 101.3 million shares issued & outstanding.

PAL gained 0.46% at AMEX on Wednesday and was last traded at 2.39. It touched a 52-week high of 6.12 and low of 0.9.
MCX ALUMINIUM 30 March 2012 contract was trading at Rs 108.1 . What's your view on it?
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